Net loss increases in FY 2080/81 due to decline in electricity sales revenue.
Buddha bhumi Nepal Hydropower Company Limited has reported a net loss of Rs. 2.25 crore in the fourth quarter of fiscal year 2081/82. This marks a further deterioration from the same period last year, when the company had posted a loss of Rs. 1.49 crore.
The company attributed the growing loss primarily to a decline in electricity sales revenue. During the review period, income from power sales dropped from Rs. 14.88 crore to Rs. 14.37 crore. As a result, the company’s total gross profit also decreased, falling from Rs. 14.01 crore to Rs. 13.62 crore.
With a paid-up capital of Rs. 40 crore, Buddha bhumi’s retained earnings remain negative at Rs. 10.47 crore. As of the end of Ashad, the company’s earnings per share (EPS) stood at negative Rs. 5.65, while its net worth per share was reported at Rs. 77.14.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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