Chilime Hydropower’s Income from Sale of Electricity Declines but Profit Increases

Aug 11, 2020 09:19 AM Merolagani

Chilime Hydropower Company has published its fourth-quarter report of the last FY. As per the report, its income from sale of electricity has declined while its net profit has shown average growth.

By the end of the last FY, the company earned Rs 1.14 billion through sale of electricity which has declined by Rs 29.6 million compared to the corresponding period of the previous FY.

As per the company, the shortage of electricity demand caused by the lockdown imposed by the government to control the spread of COVID-19 is the main reason for the decrease in its income from sale.

However, its net profit has grown by Rs 1.8 million to Rs 748 million in the review period compared to Rs 746.2 million of the previous FY.

Although the income from sale decreased, its net profit grew due to increase in financial income and other income.

In the review period, the financial income of the company increased by Rs 32.2 million to Rs 152.5 million while its other income increased by Rs 388,000 to Rs 6.04 million.

The company with Rs 5.70 billion in paid-up capital has reserve fund of Rs 4.29 billion. The company logged EPS of Rs 13.10, P/E ratio of Rs 30.38 times and net worth per share of Rs 175.

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Nepal Broker Association Registers ‘Cap Tech Nepal’

Sep 28, 2020 02:19 PM

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