Increased royalty and tax liability amount results 22.89% fall in net profit of Chilime Hydropower in Q4; invested Rs 5.93 arba in associates companies

Chilime Hydropower Company Limited (CHCL) has published the unaudited fourth-quarter report for FY 75/76. As per the report, the net profit of the company has declined by 22.89% to Rs 71.57 crore from Rs 92.83 crore in the corresponding quarter of last fiscal year. The decrease in net profit is mainly contributed by increased in royalty and increased tax liability amount.

The company’s paid-up capital remains at Rs 4.75 arba. Similarly, the company has Rs 4.55 arba as retained earnings.

The investment in term deposits which were previously worth Rs 76.07 crore have increased by almost 64.41% to Rs 1.25 arba by the end of the fourth quarter and the company has invested Rs 5.93 arba in its associates companies.

The revenue from the sale of electricity rises meagerly by 2.81% and currently stand at Rs 1.17 arba.

The operating profits have fallen from Rs 88.44 crore to Rs 84.65 crore, marking a fall of 4.28% due to increase in royalty amount.

The company’s EPS stands at Rs 15.04 and net worth per share at Rs 195.81. The company quarter end P/E ratio stands at 34.63 times for the end of the fourth quarter.

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