Panchthar Power Logs Profit after Sales Increases

May 05, 2024 11:39 AM Merolagani

Panchthar Power (PPCL) has published its third quarter report of the current FY.

As per the report, its has logged loss during the period.

In the review period, the company incurred loss of Rs 120.5 million. In the corresponding period of the last FY, it earned net profit of Rs 86 million.

According to the company, it incurred loss due to failure to earn income amid the ongoing project reconstruction. The project is closed since the devastation of flood in June/July 2023. The company aims to complete the reconstruction by the end of the current FY.

The company with Rs 962.5 million in paid-up capital has reserve loss of Rs 17.9 million.

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