Synergy Power Raises Net Profit By 40%

Feb 05, 2018 Merolagani

The net profit of Synergy Power (SPDL) has increased by 40 percent to Rs 37.4 million in the second quarter of the current FY compared to Rs 26.7 million in the corresponding period of the last FY.

The company that increased its income through power trade has decreased its reserve loss. Still, the company is at reserve loss of Rs 114.6 million.

By the second quarter, the company earned an income of Rs 134.1 million which was Rs 131.1 million in the last FY.

As the company still has huge reserve loss and outstanding loans, investors will have to wait few years to get a return from their investment.

Synergy Power has total share capital of Rs 700 million, EPS of Rs 10.6 and net worth per share of Rs 83.62.

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