During the review period, the company earned Rs 85.9 million from cable car and service operation, which increased by 12.55 percent compared to Rs 763.6 million in the previous FY.
The company's net profit increased by 105.14 percent to Rs 57.6 million from Rs 28.1 million in the previous FY.
In the review period, the operating profit of the company decreased to Rs 31.6 million from Rs 37.3 million. However, there has been an attractive increase in net profit due to a significant increase in other income. The company posted a net profit of Rs 36.1 million during period as against Rs 1.6 million in the previous FY.
The company's bank loan repayment and financial expenses decreased to Rs 5.1 million from Rs 9.2 million in the previous year.
During the review period, the company's paid-up capital increased and its reserve fund position also strengthened. The company has a paid-up capital of Rs 630 million and reserve fund has increased to Rs 58 million from Rs 31.9 million in the previous FY.
The company has been reducing its long-term financial obligations. The long-term loan has come down to Rs 15.3 million from Rs 43 million in the previous year. The total assets of the company stood at Rs 771.9 million.
