Karachi Electric Supply Company (KESC) earned Rs 529 million gross profit from June 2010 to March 2011 period for two reasons, (1). high tariff adjustment and (2). increase in the sale of energy units.
KESC’s financial reports and figures, available on its website and stock exchanges concerned, revealed that the its total revenue was Rs 90.585 billion from July 2010 to March 2011 while costs were Rs 90.055 billion. The gross profit for the period comes to Rs 529 million. The company was a loss making business in the corresponding period (July 2009 to March 2010). KESC’s financial report stated that from July 2009 to March 2010, KESC made a loss of Rs 3.59 billions.
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