Arun Kabeli Hydropower reports net profit of Rs.28,592 by the end of fourth quarter; income from other sources stand at Rs.20.55 Lakhs

Arun Kabeli Power Limited (AKPL) has reported a profit after tax of Rs 28,592 till the fourth quarter of the FY 2075/76.

According to the unaudited financial report, its net profit after income tax has increased from negative Rs 16.14 lakh in the fourth quarter of FY 2074/75 to Rs 28,592 in the fourth quarter of the current FY 2075/76.

The hydropower company has earned Rs 20.55 lakh from other sources as per the profit & loss account. Its Share Capital remains at Rs. 1.50 arba with a negative reserve of Rs 1.55 crore.

Its net worth per share is Rs 98.97. The company has not started the sale of electricity yet. By the starting of this fiscal year, the company may start generating revenue by the selling of electricity to NEA.