Kathmandu, November 15
Upper Tamakoshi Hydropower Company, which operates the 456-megawatt project, has generated nearly Rs 4 billion in electricity sales revenue in just three months.
According to the company’s financial statements for the first quarter of the current fiscal year, its sales revenue stood at Rs 3.94 billion. During the same period last year, the company had recorded sales revenue of Rs 3.85 billion.
Despite an increase in revenue, the company’s profit declined slightly compared to the previous year. It earned a net profit of Rs 1.65 billion in the first three months of the current fiscal year, compared to Rs 1.67 billion during the corresponding period of the previous fiscal year.
The increase in financial expenses has partly affected the company’s profitability. Its financial expenses rose from Rs 1.04 billion in the corresponding period last year to Rs 1.14 billion in the first quarter of the current fiscal year.
The company has clarified in its financial statements that the project is operating at full capacity.
The company’s annualised earnings per share stand at Rs 7.82, while its net worth per share is Rs 52.30. Its current market price stands at Rs 193 per share.
The company has not distributed any dividends to its shareholders so far.
