According to the report, the company has earned a net profit of Rs 22.6 million during the period. The net profit increased by 19.24 percent compared to Rs 1.8 million of the corresponding period of the last FY.
The increase in the income from the sale of electricity and the decrease in financial expenses have played a major role in improving the profitability of the company.
In the review period, the company's income from the sale of electricity increased to Rs. 41.4 million from Rs. 39.4 million of the last FY. Its total gross profit stood at Rs 35 million and operating profit at Rs 32.7 million. Similarly, the company's financial expenses decreased to Rs 4.5 million from Rs 6.4 million, which directly supported the net profit due to the reduction in debt burden.
The company has paid-up capital of Rs 1.12 billion and reserve of Rs 113.6 million. It logged EPS of Rs 8.07, net worth per share of Rs 113.40 and total asset value per share of Rs 136.90.
