Implication of Andhikhola shutdown: Butwal Power profit drops by 67% in Q1

ShareSansar, November 15:

Butwal Power Company Limited net profit has decreased by … percent in the first quarter of the current fiscal year 2069/70.

According to the unaudited report the power developer has published today, BPC has posted a net profit of Rs 1.60 crore , down from Rs 4.9 crore in the corresponding quarter.

It has said that “the shutdown of Andhikhola power” project since November 21 last year “has resulted in reduction of overall generation and decrease in gross operating income thereof”.

Its operating profit has dipped from Rs 15.91 crore in the corresponding quarter to Rs 14 crore in the first quarter of the current fiscal year.

BPC’s EPS is at Rs 1.58 and its net worth per share stands at Rs 251.