<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">K-Electric Limited (KEL) held its analyst briefing yesterday to apprise investors on the FY22 and 1QFY23 results along with its future outlook. To recall, KEL posted a PAT of PkR8.5bn (EPS: PkR0.31), while posting a LAT of PkR16.4bn (LPS: PkR0.6) in 1QFY23.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management explained the reasons for incurring a loss in the first quarter of the fiscal year, citing impairment losses of PkR7.9bn against doubtful trade debts along with a reduction in units sent out which caused a loss of PkR2.4bn. Moreover, an exchange loss of PkR2.6bn was incurred due to the rapidly depreciating local currency, while finance costs of PkR6.4bn further impacted earnings.</span></l...
