AHPC meager rise in profit by 3.95%; Sales to NEA drop by 6.18%

ShareSansar, August 13:

Arun Valley Hydropower Development Company Limited (AHPC) has posted a net profit rise of 3.95 percent in the fourth quarter of the last fiscal year 2071/72.

According to the unaudited financial report published today, its net profit after income tax has risen to Rs 6.00 crore in fourth quarter of fiscal year 2071/72 up from Rs 5.77 crore in the fourth quarter of the previous fiscal year 2070/71.

AHPC made an income of Rs 6.45 crore, mainly from selling electricity, by the end of the fourth quarter, down from Rs 6.87 crore in the corresponding quarter — a decline by 6.18%. Meanwhile, its income from other sources rose to Rs 2.48 crore in the Q4 from Rs 1.95 crore.

The company’s operating profit has surged to Rs 7.54 crore in Q4 up from Rs 7.30 crore in the corresponding quarter of previous year.

Its reserve fund has decreased from Rs 11.85 crore in the corresponding quarter of FY 2070/71 to Rs 10.55 crore in the Q4 of FY 2071/72.

The Hydropower Company has made investment of Rs 39.34 crore. Its share Capital remains at Rs 77.05 crore.

Its EPS stands at Rs 7.78 , its net worth per share at Rs 113.70  and P/E ratio stands at 40.93  times.

AHPC is the 3 MW hydropower project. The projects under AHPC are Piluwakhola Hydropower Project (3MW), Ridikhola hydropower (2.4 MW), Kabeli-B1 Hydropower (25MW), Upper Piluwakhola Hydropower - (11MW), Lower Phemekhola Small Hydropower (3.5 MW), Upper Khimtikhola Small Hydropower Project (12MW) and Arun Kabeli Hydropower Project ( 25 MW) .

Arun Kabeli Hydropower project is in the stage of construction phase and Arun Valley has invested Rs 36 crore in this project said Mr Jay Ram Dahal, Company Secretary of AHPC.

Earlier, The Company had distributed 10 percent bonus shares from the profit it made in 2070/71 FY to its shareholders.

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