ELECTION OF DIRECTORS
The Hub Power Company announces cash dividend
The Hub Power Company Limited (Hubco) announced results for the fiscal year 2012-13 on Monday, reporting net profit after tax (PAT) at Rs 9.4 billion on unconsolidated basis, which translated into earnings per share (eps) of Rs 8.11. The company also announced final cash dividend at Rs 4.50 per share with the results, taking cumulative payout to Rs 8 per share. The market viewed the payout as higher-than-expected and was warmly greeted by the investors who carried the price of Hubco stock up by Rs 2.29 to Rs 71.61.