Net Profit of Api Decreases by 9%

Feb 08, 2018 Merolagani

The net profit of Api Power Company (API) has decreased by 9 percent in the second quarter of the current FY. The company earned a net profit of Rs 31.3 million compared to Rs 34.5 million in the corresponding period of the last FY.

 

The company earned Rs 79.4 million through power trade which was Rs 87.5 million in the last FY.

The decreased net profit has attributed to decreased EPS. Its EPS decreased to Rs 5.97 compared to Rs 6.58 in the review period.

The company has outstanding loan and advance of Rs 1.28 billion.

Api has a paid-up capital of Rs 1.05 billion and a reserve fund of Rs 121.4 million.

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