Singati Hydro’s Net Loss Decline with Increase in Sales

May 03, 2024 11:41 AM Merolagani

Singati Hydro Energy  (SHEL) has published third quarter report of the current FY. As per the report, its net loss has decline during the period.

In the review period, the company incurred net loss of Rs 32.1 million compared to Rs 93.2 million of the corresponding period of the last FY.

Increase in sales and decrease in expenses can be attributed to the decline in net loss.

During the period, the company raised its sales by 3.32 percent to Rs 537.2 million from previously Rs 519.9 million. In the review period, its total income increased by 3.34 percent and total expenses declined by 7.33 percent.

The company that issued 100 percent right shares to maintain paid-up capital of Rs 2.90 billion has share premium fund of Rs 251.1 million.

The company logged LPS of Rs 1.45 and net worth per share of Rs 100.71.

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