ALTN: 1QFY17 Condensed EPS reported at PKR1.87; DPS, Nil – By AHCML Research

<p><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Altern Energy Ltd. (ALTN) has recently announced its 1QFY17 financial result. ALTN has declared a Profit After Tax (PAT) of PKR1,105mn (EPS: PKR1.87) during 1QFY17 against a PAT of PKR920mn (EPS: PKR1.56) during 1QFY16, up 20pc, YoY. In line with trends, ALTN did not declare any dividend along-with its 1QFY17 financial results</span></p><p><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 1QFY17, ALTN reported a 3pc, YoY, surge in its top-line attributable to: (i) Modest power dispatches by the Company&amp;rsquo;s subsidiary &amp;ndash; Rousch Pakistan Power Ltd. (RPPL) &amp;ndash; Power dispatches by RPPL to WAPDA: 1QFY17 @ 790GWh Vs. 1QFY16 @ 837GWh; (ii) Stagnant power dispatches by the parent Company to WAPDA - Power dispatches to...