IME Life New

Mid Solu Hydropower increased its profit by nearly 500%, EPS by Rs. Above 17

SPIL
Global College
Nepal Life New

Kathmandu. Mid Solu Hydropower last fiscal year 2081. It has made public the unaudited financial statements up to the fourth quarter of 1982.

According to the financial statement, the company has earned a profit of Rs 132.1 million in the last fiscal year. Last year 2080. The company had posted a net profit of Rs 22.3 million in 2017-19. The company’s profit increased by 489.96 percent in the review year compared to the previous year.

Crest

The operating profit of the review year was Rs 237.2 million. In the last fiscal year, the company’s operating profit stood at Rs 163.6 million. Operating profit has increased by 45 percent.

In the last fiscal year, the company earned Rs 317.5 million from the sale of electricity. In the previous fiscal year, the company had earned Rs 266.5 million from electricity sales. Revenue from electricity sales has increased by 18.47 percent.

The company has a paid-up capital of Rs 748.4 million and reserves and surpluses of Rs 150.9 million. In the previous year, the reserve and surplus was Rs 18.7 million. There has been a significant increase in the size of the reserve.

The company’s earnings per share (EPS) is Rs 17.66, price earnings ratio (PE ratio) is 51.93 times and net worth per share is Rs 120.17.

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