Ngadi Group Power Earns Net Profit of Rs 58.6 Mn

Aug 20, 2018 Merolagani

Ngadi Group Power Company (NGPL) has increased its net profit by Rs 7.2 million to Rs 58.6 million in the last FY compared to Rs 51.3 million of the previous FY.

In the review period, the company increased its income from electricity by 14.16 percent or by Rs 607,000. Such income which was Rs 139.8 million in the previous FY has reached Rs 140.4 million in the last FY.

The company earned Rs 10.7 million from other sources. Similarly, the operating profit of the company also increased to Rs 129.5 million.

The company increased its paid-up capital from Rs 486.8 million to Rs 535.5 million by distributing 10 percent bonus share.

It has reserve fund of Rs 59.8 million, EPS of Rs 10.95, net worth per share of Rs 111.18 and P/E ratio of 14.88 times.

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