During the period, the company managed to earn a net profit of Rs 217 million, a growth of 331.95 percent compared to Rs 50.2 million of the corresponding period of the last FY.
The sharp improvement in income was due to completion of the reconstruction of projects affected by natural disasters such as floods and landslides and electricity production was restored to full capacity has led to this height in profits.
During the review period, the company's income from electricity sales increased significantly to Rs 342.94 million, compared to Rs 166.4 million in the same period last year. The company's total income for the same period stood at Rs 343 million. Along with the increase in income, the company's operating profit increased from Rs 146.9 crore last year to Rs 313.9 million. The balance in the company's financial expenses and administrative expenses has further supported the jump in net profit.
The company's paid-up capital is Rs 1.5 billion and reserves and funds are Rs 597.3 million. The company logged EPS of Rs 57.89, net worth per share is Rs 151.20 and the return on assets of 4.13 percent.
