Net Profit of Synergy Power Decreases

Feb 14, 2019 Merolagani

The net profit of Synergy Power Company (SPDL) decreases by 46.84 percent to Rs 18 million in the second quarter of the current FY compared to Rs 34 million of the corresponding period of the last FY.

Meanwhile, the company logged reserve loss of Rs 117.9 million during the period. During the period, the company earned Rs 113.6 million from electricity a downfall of 12.80 percent compared to Rs 130.2 million of the last FY.

Similarly, the income from other sources also decreased by 51.82 percent to Rs 242,000 from earlier Rs 502,000 in the review period.

The company with Rs 700 million in paid-up capital has EPS of Rs 5.17 and net worth per share of Rs 83.15.  

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