HUBC: 2nd Quarter Earning Release - Period Ending 31 Dec 2022 EPS (2ndQ): Rs. 8.72 - Up one and a half times over last quarter. HUBC Announced a cash Dividend of Rs. 5.75 for the 2nd quarter. This is in addition to a hefty cash dividend of Rs. 15.5 paid in the first quarter. This takes this Power Producers ttm yield to over 30%. Don't expect a repeat though. Profit after Tax (Un-Consolidated) for the 2nd quarter was Rs 11.3 billion, increasing 1.5 times over first quarter. The increase in the profit after tax was primarily from 'other income' of Rs 8.2 billion. Gross profit for the quarter was just Rs. 6 billion declining 5.6% compared to first quarter ending September 2022. EBIT rose 100% boosted by other income. Financial cost saw quarterly increase of 4%.
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