NRN Infrastructure Logs Profit Despite Decline in Net Income

May 08, 2024 11:50 AM Merolagani

NRN Infrastructure and Development (NRN) has published its third quarter report of the current FY.

As per the report, the company has logged profit during the period.

In the review period, the company earned a net profit of Rs 55.8 million. In the corresponding period of the last FY, the company logged net loss of Rs 67,000.

Although the company recorded decline in income change in fair value of financial asset helped to record profit for the company.

During the period, its net financial income decreased by 37.16 percent and total income by 36 percent. in the review period, its total expenses increased by 29.75 percent.

The company recorded net profit of 57.1 million due to change in fair value of financial asset attributing to the increase in net profit.

The company logged EPS of Rs 6.08, net worth per share of Rs 147.63 and P/E ratio of 84.89 times.

The company with Rs 1.22 billion in paid-up capital has retained income of Rs 104.1 million.

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