Api Power Doubles Income from Electricity; Net Profit Grows 195.96%

Nov 11, 2020 10:39 AM Merolagani

Api Power Company (API) has earned income from electricity of Rs 141.2 million in the first quarter of the current FY. The income increased by 121.20 percent compared to Rs 63.8 million of the corresponding period of the last FY.

In the review period, the company increased its income from other sources to Rs 61.7 million. Increase in its incomes has significantly increased its net profit. In the first quarter of the current FY, the company earned a net profit of Rs 106.4 million compared to Rs 35.9 million of the last FY. The net profit increased by 195.96 percent during the review period.

In the review period, the company logged EPS of Rs 35.74 compared to Rs 12.08 of the last FY. It has net worth per share of Rs 124.30, P/E ratio of 5.40 percent.

The company with Rs 1.19 billion in paid-up capital has reserve fund of Rs 289.2 million.

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