Asian Hydropower’s Losses Shrink: Q4 Report Shows Improvement!
Hey stock market enthusiasts! We’ve got some interesting news from Asian Hydropower Limited! Let’s dive into their latest financial results for the fourth quarter of the last fiscal year.
The good news? Asian Hydropower’s losses have significantly decreased! The company reported a loss of NPR 28.1 million in the fourth quarter, a notable improvement compared to the NPR 58.6 million loss in the same period of the previous fiscal year. That’s a whopping 52.05% decrease in losses! This is great news for investors and those following Nepali share market performance.
So, what’s driving this positive shift in the company’s financial performance? Several key factors contributed to this improvement. Firstly, Asian Hydropower saw a slight increase in its electricity sales revenue by 4.69%. Secondly, they managed to boost their overall profit by 4.36%. Furthermore, their operating profit saw a healthy increase of 13.85%. Another important contributor to the reduced loss was the company’s success in lowering its financial expenses by a significant 21.80%. This demonstrates effective financial management within the company.
Now, let’s look at some other financial metrics. Asian Hydropower has a paid-up capital of NPR 340 million. The company’s reserve fund currently shows a negative balance of NPR 4.47 million. The earnings per share (EPS) for the period are negative, coming in at NPR -8.28, while the net worth per share is at NPR 86.84. For anyone tracking hydro power companies and the hydro sector specifically, these figures offer further insight into the company’s financial position.
Keep an eye on Asian Hydropower as they continue to navigate the Nepali stock market.
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