Synergy Power Logs 78.77% Growth in Net Profit

Jan 21, 2020 11:54 AM Merolagani

Synergy Power Development Company (SPDL) has earned a net profit of Rs 66.8 million in the second quarter of the current FY. The net profit increased by 78.77 percent in the review period compared to Rs 37.3 million of the corresponding period of the last FY.

An increase in income from sale of electricity along with control in operating and other expenses attributed to its huge increase in net profit.

In the review period, the company earned Rs 135.4 million through sale of electricity, a growth of Rs 21.8 million compared to the review period of the last FY. In the mean time, the operating and other expenses decreased by Rs 7.8 million to Rs 66.8 million during the period.

The company with Rs 700 million in paid-up capital has reserve loss of Rs 6.4 million. The company logged EPS of Rs 9.54 and net worth per share of Rs 99.08.

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