Dawood Lawrencepur Limited (DLL) reported consolidated earnings per share of PKR 131.93 for CY24, compared to loss per share of PKR 1.92 in CY23.
Furthermore, in 3QCY25, the company reported earnings per share of PKR 51.26, compared to earnings per share of PKR 4.35 in the same period last year (SPLY).
The Company’s equity portfolio stood at PKR 5.8 billion and delivered a strong 47.1% return, outperforming the market benchmark, which returned 43.7% over the same period. The wind power project at Gharo, which is a subsidiary of the Company, continued to perform reliably, maintaining availability of 99.03%. Energy invoiced during the period was 86.4 GWh, compared to 90.0 GWh in the same period last year, primarily due to higher curtailment and weaker wind speeds during the peak wind season. Despite this, Tenaga recorded the highest generation among the Gharo plants for the nine-month period and ranked fourth across the combined Gharo and Jhimpir WPP cluster, with a 31% capacity factor.
Management has proposed the amalgamation of Dawood Lawrencepur, Cyan, and DH Partners Limited to the Board in a recent meeting. All three are associate companies operating in the investment business, and combining them into a single entity is expected to result in improved governance, more efficient management, and a stronger consolidated balance sheet.
Important Disclosures
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