Ghorahi Cements’ Net Profit Declines in Last FY

Oct 20, 2023 11:37 AM Merolagani

Ghorahi Cements Industries has published fourth quarter financial report of the last FY.

As per the report, its sales income and net profit has declined compared to the previous FY.

In the last FY, the company earned net profit of Rs 53.4 million which is 75.33 percent less than Rs 210 million of the previous FY.

Decline in sales income and increase in expenses pulled down its net profit.

During the period, its sales income declined by 3.67 percent. the company that earned Rs 4.80 billion sales income in the previous FY earned Rs 4.62 billion in the last FY.

Similarly, its total profit declined by 4.54 percent and other income by 27.60 percent.

Along with net profit its EPS also declined by Rs 5.47 to Rs 1.34. The company has net worth Rs 269.53.

During the period, its paid-up capital increased by 25 percent and reserve fund by 22.03 percent.

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