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    Annual general meeting of The Hub Power Company Limited to be held on October 05, 2022


    September 9, 2022 - Pakistan Company News

     

      The Hub Power Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 05, 2022 at Karachi.

      The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2023 and fix their remuneration and to transact any other business with the permission of the chair.

      Further, the closed period of the company is from September 26, 2022 to October 05, 2022 (both days inclusive).

      The announcement is available at:

      https://dps.psx.com.pk/download/document/191892.pdf

      The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW in Baluchistan (Hub plant). Narowal Plant is also an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab.

      The Company also holds 75% controlling interest in Laraib Energy Limited, which is a run off the river hydel power plant downstream of Mangla Dam in Azad Jammu and Kashmir. The joint-venture with China Power International Holdings (CPIH), a 1320MW imported coal-based power plant, China Power Hub Generation Company Limited (CPHGC) has started its commercial operations providing energy to over 4 million households.

      The total numbers of shares are 1,297,154,400. The Earnings per shares of the Company is 7.84 in 2020 which was 6.70 in 2019. Their Profit after Taxation is 10,166,739,000 in 2020 which was 8,036,981,000 in 2019.

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