Bandipur Cable Car and Tourism  (BANDIPUR) has published its third quarter financial reports of the current FY. According to the report, the company's losses have increased slightly due to the decrease in operating income.

1. Profit and Loss Situation: Increase in Operating Loss

The company has incurred a loss in this quarter due to higher expenses than revenue.

Operating Income: The company has earned Rs 11.6 million from operations by the third quarter of the current FY. This is a significant decline from 22.6 million of the corresponding period of the last FY.

Net loss: The company's net loss has reached Rs 16.2 million in the review period. Such loss was Rs 12.4 million of the review period of the last FY.

Expenses: The total expenses of the company is Rs 24.8 million, of which the major share is employee expenses, administrative expenses and depreciation.

2 Emphasis on capital investment

The company's financial structure underscores the large investments it is making in infrastructure.

Fixed Assets: The total non-working assets of the company is Rs 3.28 billion. Out of this, Rs 1.52 billion is for capital work in progress, which shows that hotels and other structures are still under construction.

Paid up capital and reserve fund: The company has paid-up capital of Rs 2.82 billion. However, due to continuous losses, it recorded reserve loss of Rs 229.3 million.

Liquidity: The company's cash reserves have improved significantly to Rs 64.7 million compared to the corresponding period of the last FY.

3. Key Financial Indicators

Earnings per share: Rs 0.57

Net worth per share: Rs 91.90

Total asset value per share: Rs 137.32