During the period, the company has earned sales income of Rs 5.45 billion. The sales income declined by 24.75 percent compared to Rs 7.25 billion of the last FY.
Along with its sales, it net profit has also declined. During the period, its net profit declined by 51.15 percent to Rs 319.9 million compared to Rs 654.8 million of the last FY.
Decrease in sales and increase in cost of production are the reasons for the decline in net profit. Expensive interest rates, liquidity crisis, effect of price inflation due to increased price of coal and diesel in international market, using of alternative energy resources due to unannounced load shedding by NEA are the reason for the increased cost of production, said the company.
In the review period, its EPS fell by Rs 10.15 to Rs 9.69. It has net worth per share of Rs 206.64 and P/E ratio of 41.79 times.
The company with Rs 4.40 billion in net profit has share premium of Rs 956.2 million and other reserve fund of Rs 3.73 billion.
