Ngadi Group Power's Net Profit Decreases by 3.2 Million

Nov 21, 2017 Merolagani

Ngadi Group Power Company (NGPL) has earned a net profit of Rs 25.3 million in the first quarter of the current FY which is decreased by Rs 3.2 million in compared to the corresponding period of the last FY.

During the review period, Ngadi increased its income through power trade to Rs 50.3 million compared to Rs 42.3 million of the last FY. The company also earned Rs 159,091 income from other sources.

The bank raised its paid-up capital to Rs 535.5 million by distributing 10 percent bonus share.

The company has EPS of Rs 18.96 and net worth per share of Rs 104.97.

Ngadi recently endorsed a proposal of issuing 30 percent right shares worth Rs 535.5 million which will further raise its paid-up capital to Rs 700 million.  

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