Net Profit of CEDB Hydropower Falls

Nov 10, 2023 01:16 PM Merolagani

CEDB Hydropower Development (CHDC) has published first quarter report of the last FY. As per the report, its net profit has declined compared to the corresponding period of the last FY.

During the period, it earned net profit of Rs 33.3 million which is 11.23 percent less  than Rs 33.8 million of the last FY.

Decrease in income and increase in expenses can be attributed to the decrease in net profit.

In the review period, it service charges, interest and commission income declined by 18.32 percent However, its administration expenses increased by 26.01 percent and total expenses by 25.10 percent.

Along with its net profit, its EPS decreased by Rs 1.67 to Rs 14.45. The company maintained net worth per share of Rs 163.90 and P/E ratio of 66.38 times.

The company with Rs 831.4 million in paid-up capital has reserve fund of Rs 536.3 million.

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