Ridi Hydropower Net profit down by 98.63 percent; EPS at Rs0.05

Ridi Hydropower Development Limited (RHPC) has reported a dramatic downfall in its net profit by 98.63 percent in the fourth quarter of the last fiscal year 2073/74. The published unaudited financial report today states that its net profit after income tax has slumped to Rs 2.53 lakhs in the fourth quarter of fiscal year 2073/74 from Rs 1.85 crore in the corresponding quarter of the previous fiscal year 2072/73. RHPC  total income from power sales is mere Rs 78.40 lakhs compare to Rs 4.27 crore  in the corresponding quarter of last fiscal year. Its reserve fund amounts to Rs 3.95 crore from Rs 3.30 crore. Earnings per share (EPS) of RHPC stand at Rs 0.05 while net worth per share is at Rs 108.38. Its P/E ratio stands at 194.60 times.