KE reports unconsolidated PAT of Rs4.13bn

The Board of Directors of K-Electric (KE) in its meeting held on Tuesday, approved the financial results for the company for the year ended June 30, 2024. Pakistan’s economy in fiscal year 2024 had remained largely subdued and economic activity showed modest improvement, with actual GDP growth of 2.51 percent while high inflation and policy rates remained a dominant challenge. These factors continued to define a challenging operating landscape in FY24, exerting sustained pressure on Pakistan’s power sector and consequently, the Company. Accordingly, operational challenges stemming from higher consumer tariffs and inflationary pressure impacted the achievement of regulatory benchmarks, which remain areas of focus for improvement.