The company that had posted a net profit of Rs 1.46 billion in the previous FY has posted a net loss of Rs 77.6 million in the review period. The company suffered losses mainly due to a sharp fall in the value of investment and a sharp contraction in total income.
According to the financial report, the company's financial income increased by 50.90 percent and total income decreased by 98.51 percent in the review period. Similarly, the company's expenses increased by 32.43 percent in the review period.
The company recorded loss per share of Rs 4.32 and net worth per share of Rs 169.23.
Although the company has expanded its investment in hydropower, infrastructure and various productive sectors, its performance has been affected due to market fluctuations and financial imbalances. Out of the six hydropower projects invested by the company, 5 have already come into operation, while 51 percent of the Upper Myagdi Hydropower Project (53.5 MW) has been completed and the target is to come into commercial production by March 5, 2027.
