HUBC’s BYD Investment Slips into Loss
Hub Power Company (PSX: HUBC) reported a loss of Rs. 33 million from its investment in the BYD Pakistan project … Read More The post HUBC’s BYD Investment Slips into Loss appeared first on ProPakistani .
Hub Power Company (HUBC) disclosed a Rs. 33 million loss from its investment in the BYD Pakistan project for the quarter ending June 2026. This marks a shift from the company's profitable performance in BYD-related ventures since March 2025, with quarterly profits ranging from Rs. 0.5 million to Rs. 222 million. The latest loss is primarily attributed to increased marketing and administrative expenses related to the project.
HUBC has allocated a total of Rs. 6.6 billion in the BYD project as of fiscal year 2026. The company's total committed equity for the BYD initiative is valued at $30 million as of the fiscal year 2026.
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