Api Power finally publishes Q4 report; Profit declines by 23%

Api Power Company Limited (API) has posted decline in net profit by 23.83% percent in the fourth quarter of the FY 2074/75.

According to the unaudited financial report published today, its net profit after income tax has been reported as Rs 5.71 crore in the fourth quarter of fiscal year 2074/75 from Rs 7.50 crore in the corresponding quarter of the previous fiscal year 2073/74.

API made regular income from power sales of Rs 12.78 crore by the end of the fourth quarter falling from Rs 13.81 crore in the corresponding quarter.

Its reserve fund amounts to Rs 6.06 crore from Rs 9 crore. Its current paid up capital stands at Rs 1.13 arba.

Its annualized earnings per share (EPS) stands at Rs 5.04, net worth per share is at Rs 105.35 and P/E ratio at 56.35 times.