The Karachi Electric Supply Company (KESC) has projected that it will switch to a profit regime in the outgoing financial year after a gap of five years. Despite all problems surrounding the company, a profit of Rs2.15 billion is estimated for financial year 2011, more than the total amount the company made in the last ten financial
The power distributor witnessed a profit only twice in the last twelve years. Moreover, it took the controversial new management of Abraaj Capital less than three years to switch it into a profit making company. The financial statement for the outgoing year has still not been announced. The company sees its profits swelling seven folds to Rs14.1 billion in the current financial year 2012.