Barun Hydropower declares 100% Right Share; reports net loss of Rs 83.89 lakh in Q3

Barun Hydropower Company Limited (BARUN) has decided to distribute 1:1 (100%) right share to its existing shareholders. As per the notice published in Nepal Stock Exchange today, The 5th BOD meeting of the company held on Ashad 1, 2073 has proposed 100 percent right shares to its existing shareholders. The decision is subject to approval from company’s upcoming Special General Meeting (SGM). Meanwhile, Barun Hydropower Company has reported net loss of 83.89 lakh in the third quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the third quarter today, the hydropower company has stated that it has net loss of Rs. 83.89 lakh in the current quarter from Rs. 1.73 crore in the corresponding quarter of the previous fiscal year. The total expenses increases to Rs 2.33 crore in Q3 compare to Rs. 1.01 crore in the corresponding quarter. BARUN made an income of Rs 31.33 lakhs, mainly from selling electricity, in the third quarter, down from Rs 6.50 crore in the corresponding quarter. The total revenue decline to Rs. 2.81 crore in Q3 compare to Rs. 6.55 crore in the corresponding quarter. Also, the hydropower company has generated Rs 1.94 crore from insurance income from damage assets. The company’s non-operating expenses have slightly declined to Rs 1.32 crore in Q3 from Rs. 3.80 crore in the corresponding quarter of the previous year. BARUN has made investment of Rs.8 lakh. It’s paid up share capital remains at Rs.24.30 crore. Its reserve fund is negative by Rs 3.67 crore in the third quarter report. Its net worth per share stands at Rs. 88.34.