$HUBC The Hub Power Company (HUBC): Management Meeting Takeaways – By Topline Research
$HUBC
The Hub Power Company Limited
Rs. 219.38
+0.20%
- We had a management meeting with the senior management of HUBC CEO, Mr. Kamran Kamal and CFO, Mr. Muhammad Saqib on the recent financial results and outlook.
- Regarding the recent power circular debt resolution, the company stated that they are not aware of any talks made on the waiver of the late payment surcharge. They further mentioned that any discussions on this matter will take place at the government-to-government (G2G) level, as these are CPEC-related plants, and the relevant forum for such discussions is the JCC.
- Management stated that due to the government’s focus on this area and timely release of the planned subsidies, the Company’s recoveries have improved, particularly for its coal-fired power plants. This is one reason for reduction in the Company’s finance cost along with lower interest rate.