Arun Valley Hydropower Q4 earning surges by 50.89% to Rs 8.95 crore & EPS at Rs 10.56; FPO in pipeline at Rs 301

Arun Valley Hydropower Development Company Limited (AHPC) has posted a net profit rise of 50.89 percent in the fourth quarter of the last fiscal year 2073/74. According to the unaudited financial report published today, its net profit after income tax has risen to Rs 8.95 crore in fourth quarter of fiscal year 2073/74 up from Rs 5.93 crore in the fourth quarter of the previous fiscal year 2071/72. AHPC made an income of Rs 5.16 crore, mainly from selling electricity, by the end of the fourth quarter, slightly decline from Rs 6.61 crore in the corresponding quarter — drop by negligible 0.40%. Meanwhile, its income from other sources rose to Rs 7.85 crore in the Q4 from Rs 2.57 crore in corresponding quarter. The company’s operating profit has surged to Rs 11.22 crore in Q4 up from Rs 7.68 crore in the corresponding quarter of previous year. Its reserve fund has decreased from Rs 7.92 crore in the corresponding quarter of FY 2072/73 to Rs 9.23 crore in the fourth quarter. The hydropower company’s net current assets stand at Rs 12.41 crore. Its share Capital remains at Rs 84.81 crore. Its earning per share (EPS) stands at Rs 10.56, its net worth per share at Rs 110.89 and P/E ratio stands at 26.14 times. Arun Valley Hydropower operates 3 MW Piluwakhola Hydropower Project. It has investments in several hydropower companies and projects including Ridikhola Hydropower (2.4 MW), Kabeli-B1 Hydropower (25MW), Api Power Company Limited and Arun Kabeli Hydropower Project (25 MW). AHPC last trading price in NEPSE stood at Rs 268 as on August 9, 2017. Earlier, the company had distributed 10 percent bonus shares from the profit it made in 2072/7 FY to its shareholders.