Kathmandu. Ru Ru Hydropower Project Limited has published its unrefined financial statements for the first quarter of the current fiscal year. The company has earned a net profit of Rs 3.29 crore in the first three months of the current FY. The company’s profit was down 11.58 percent compared to the same period last year. The company had posted a net profit of Rs 3,72 crore in the same quarter last year.
The company has paid-up capital of Rs 56.73 crore and reserve fund of Rs 24.55 crore.
During the review period, the company earned Rs. 5.33 crore from electricity sales. In the same period of the last fiscal year, the company had earned the same amount from the sale of electricity. In the review period, the company’s financial expenses decreased by 44.82 percent.
Along with the profit, the company’s earnings per share also declined. The company’s earnings per share declined by Rs 6.98 to Rs 23.22 during the review period. As of mid-October, the company has a net worth of Rs 143.28 and P/E ratio of 29.67 times.
