The company earned a net profit of Rs 425.9 million in the last FY. The net profit increased by 277.68 percent compared to Rs 112.7 million in the same period of the previous FY.
The company's electricity sale income reached Rs 1.33 billion compared to Rs 1.12 billion in the previous FY. After deducting Rs 55.1 million from direct operating expenses, the company's total profit stood at Rs 1.29 billion.
The company has further broadened its financial base by consolidating its accumulated profit. The company's paid-up capital stood at Rs 2.30 billion and reserve fund has increased to Rs 451.4 million from Rs 141.4 million in the previous FY. The company has secured loan of Rs 5.47 billion.
Looking at the final financial statements of the last financial year, it seems that the company has achieved great success commercially. A significant increase in net profit and earnings per share of Rs 18.50 is a good sign for investors. The strong liquidity ratio of 2.08 confirms that the company's short-term liability payment capacity is safe. On the basis of increased accumulated profit, there is a strong possibility that the company will be able to distribute attractive dividends to shareholders in the coming days.
