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Business May 1, 2021 KARACHI: Hub Power Company (Hubco) has announced a net profit of Rs8.8 billion for the quarter ended March 31, 2021, up 20.54 percent from net profit of Rs7.38 billion recorded in the same period last year. The earnings per share (EPS) for the quarter clocked in at Rs6.61 against EPS of Rs5.55 last year. The company did not announce any payout along with the corporate results. “The increase in profit is mainly due to higher share of profit from an associate (China Power Hub Generation Company Limited, which started commercial operations on August 17, 2019), depreciation of rupee against USD and lower financing costs,” company noted. ....
Image Credit: SUBMITTED/City of Kelowna February 16, 2021 - 10:07 AM Ground won’t be broken on the downtown Kelowna UBC Okanagan campus for more than a year but developers are already lining up to be part of what at least one of them is now calling the “Downtown University Hub.” Chilliwack-based Kerkhoff Developments has sent a proposal to City Hall for a 41-storey residential tower on the southwest corner of Doyle Avenue and St. Paul Street, across Doyle Avenue from the proposed downtown Kelowna UBCO campus. A 46-story tower was recently proposed just down the block. A 42-storey tower has been approved a few blocks to the south along Water Street and Leon Avenue, although that’s not considered part of the university hub. ....