NRN Infrastructure Increases Net Profit by 169%

Feb 11, 2021 03:31 PM Merolagani

NRN Infrastructure and Development (NRN) has earned a net profit of Rs 11.1 million in the second quarter of the current FY.

The net profit increased by 169 percent compared to Rs 4.1 million of the corresponding period of the last FY.

In the review period, the company earned Rs 19 million in financial income which was Rs 7.1 million in the last FY.

However, its employee expenses also rose to 1 million while administrative expenses decreased to Rs 700,000.

The company reports increase in operating profit from Rs 4.1 million to Rs 17.1 million.

The company that has paid-up capital of Rs 1.13 billion logged EPS of Rs 1.97, net worth per share of Rs 103.67 and P/E ratio of 183 times.

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