Earnings Report /
Pakistan

Hub Power: 4QFY21 review – Dividend payout gives confidence

  • HUBC reported 4QFY21 EPS of PKR6.76, up 29%yoy, and 2%qoq. The result is above our estimated EPS of PKR6.0

  • Deviation stemmed from higher than anticipated indexation and lower LPI charges to fuel suppliers

  • HUBC announced final cash dividend of PKR5.0/sh taking full year payout to PKR12.0/sh (or c. 45%)

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
30 August 2021