Company’s net loss narrows significantly compared to previous year.
Dibyashwori Hydropower Limited reported a net loss of Rs. 45 lakh for the fourth quarter of the fiscal year 2081/82. This is a notable improvement compared to the same period last year, when the company had incurred a loss of Rs. 3 crore 91 lakh.
The decrease in net loss is mainly due to an increase in electricity sales revenue and a reduction in financial expenses. During the review period, the company’s electricity sales income grew by 11.22 percent, reaching Rs. 8 crore 99 lakh. Additionally, the total revenue increased by 10.95 percent, while gross profit rose by 14.84 percent.
As of the end of Ashar month, the company’s paid-up capital stood at Rs. 26 crore. However, the reserves and retained earnings remained negative at Rs. 25 crore 50 lakh. The company’s earnings per share (EPS) was negative Rs. 1.73, while the net worth per share was Rs. 3.40.
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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