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Any financials available?
Quote from: MZ on October 17, 2016, 07:33:55 PMhttps://www.dawn.com/news/1290007/process-for-fescos-share-offering-initiatedFew years back Privatization Commission was in hunt of an Institutional/Strategic Buyer for FESCO. Now they are offloading to Public.Reported Line Losses of FESCO for FY14 was at 11.3 per cent, almost half of K-ElectricFinancial Report FY15http://fesco.com.pk/FinanceDB/Financial%20Statements%20for%20FY%202014-15.pdfBook Value Around 11.5Operating Margins are just 2.8% vis-a-vis K-Electric Operating Margin of 13%. FESCO is getting Electricity at higher rate as compared to K-ElectricFaisalabad is the third largest city of the country and the second industrial hub. Fesco’s major buyers are industrial units that generate 44% of total revenues.The entity is among few power distribution companies that are making a profit. The distribution company has 16,500 employees and the consensus is against its privatization.
Quote from: momo on October 17, 2016, 10:40:47 PMAny financials available?financials were available last year .. cant find them now ..