August 9, 2022

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Pakistan Revenue

Tag: HUBCO

HUBCO declares 25% decline in half-year profit
Feb 15
Corporate, Energy

HUBCO declares 25% decline in half-year profit

KARACHI: Hub Power Company Limited (HUBCO) (PSX: HUBC on Tuesday declared 25 per cent decline in net profit for the half year ended December 31, 2021. According to consolidated financial results submitted to the Pakistan Stock Exchange (PSX), the profit after tax of the company fell to Rs12.72 billion during July – December 2021 as […]

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Kamran Kamal appointed HUBCO chief
Jun 30
Energy

Kamran Kamal appointed HUBCO chief

KARACHI: Hubco, Pakistan’s largest IPP has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years, a statement said on Wednesday. Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel […]

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Hubco acquires Eni operations in Pakistan
Mar 8
Corporate, Energy

Hubco acquires Eni operations in Pakistan

KARACHI: The Hub Power Holding Limited on Monday announced to acquire all upstream operations of Eni in Pakistan. In an information shared by the Pakistan Stock Exchange (PSX), the it said that the Hub Power Company Limited (HUBCO) together with ENI’s local employees (in a 50:50 joint venture) has executed definitive agreements to acquire all […]

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Hubco initiates agreement with Central Power Purchasing Agency
Feb 2
Energy

Hubco initiates agreement with Central Power Purchasing Agency

KARACHI: The Hub Power Company Limited (Hubco) on Tuesday said that it has initiated agreement with Central Power Purchasing Agency (Guarantee) Limited (power purchaser) in furtherance of the Memorandum of Understanding dated August 21, 2020. In a communication sent to Pakistan Stock Exchange (PSX), the company said that under the agreement, the payment of overdue […]

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HUBCO issues Sukuk wroth Rs6bn for capital requirements
Nov 13
Corporate, Energy

HUBCO issues Sukuk wroth Rs6bn for capital requirements

KARACHI: The Hubco Power Company Limited (HUBCO) has issued Sukuk worth Rs6 billion for financing the ongoing capital requirement of the company. In a communication sent to Pakistan Stock Exchange (PSX) on Friday, it said that HUBCO through its wholly owned subsidiary, Hub Power Holding Limited, had executed and issued an Islamic Shariah compliant discounted […]

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Hubco plans generating Rs6 billion through Sukuk
Oct 19
Energy

Hubco plans generating Rs6 billion through Sukuk

KARACHI: The Hub Power Company Limited (Hubco) through its wholly owned subsidiary, Hub Power Holdings Limited, is in the process of finalizing issuance of Sukuk, a statement said on Monday. This represents Hubco’s keen interest in promoting and supporting the Islamic financing options and the local financial industry. This proposed Sukuk in the sum of […]

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HUBCO declares 26pc fall in half year profit
Feb 21
Corporate

HUBCO declares 26pc fall in half year profit

KARACHI: Hub Power Company Limited (HUBCO) has declared 26.6 percent fall in profit after tax for the half year ended December 31, 2018, according to financial results submitted to Pakistan Stock Exchange (PSX) on Thursday. The company declared net profit to the tune of Rs3.029 billion for the first half of current fiscal year as […]

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