Upper Tamakoshi Hydropower Company has released its financial report for the first quarter to the public. According to the unaudited financial report released by the hydropower company, the company has earned a net profit of NPR 17.2 million. This is a significant increase in net profit compared to the previous year’s first quarter, which was 23.26 percent.
During the last fiscal year, the company earned a net profit of NPR 797.7 million. In addition to the company’s net profit, revenue from electricity sales has also increased. The revenue from electricity sales has increased from NPR 356 million to NPR 371 million.
Furthermore, the company’s operating expenses have decreased from NPR 110.18 million to NPR 82.7 million. The company’s total equity is NPR 15.9 billion, and the retained earnings are NPR 6.24 billion, which is negative.
The company has earned only NPR 460,000 from other sources. The earnings per share of Upper Tamakoshi Hydropower Company are NPR 6.30, and the net worth per share is NPR 60.97.