Api Power’s Net Profit Declines by 93.59%

Aug 17, 2023 11:21 AM Merolagani

Api Power Company (API) has published fourth quarter report of the last FY. As per the report, its net profit and sales declined compared to the corresponding period of the previous FY.

During the period, it earned net profit of Rs 6.8 million which is 93.59 percent less than Rs 106.1 million earned during the previous FY.

Decrease in sales can be attributed to the increase in net profit.

In the review period, its sales declined by 13.87 percent to Rs 446.6 million compared to Rs 518.5 million of the previous FY. similarly, its total profit declined by 16.56 percent and other income by 22.56 percent. during the period, its total expenses increased by 9.88 percent.

Along with its net profit, its EPS decreased by Rs 2.60 to Rs 0.16. The company maintained net worth per share of Rs 103.93.

The company with Rs 4.13 billion in paid-up capital has other equity of Rs 162.2 million.

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