The company had posted a net profit of Rs 14.5 million in the review period compared to net loss of Rs 6.8 million in the corresponding period of the previous FY.
The company's sales income increased by 16.11 percent to Rs 104.4 million in the review period. Similarly, the operating profit of the company increased by 38.26 percent to Rs 55.06 million in the review period.
The company's financial expenses declined to Rs 39.9 million from Rs 46.1 million in the previous FY, which helped to improve the profit.
With the improvement in profits, the company's accumulated losses have been reduced and the total equity has improved. The company has paid-up capital of Rs 264 million. The company's consolidated loss decreased to Rs 241.8 million from Rs 256.4 million in the previous year. The total equity of the company increased to Rs 22.1 million.
The company's long-term debt has increased to Rs 573.4 million from Rs 528 million in the previous FY. Similarly, the total assets of the company stood at Rs 754.2 million.
