Mountain Energy Nepal Ltd reported a profit (after tax) of Rs. 35.55 crores in the second quarter. Profit decreased by 16.52% in this quarter. The profit in the previous corresponding quarter was Rs. 42.63 crores. Tadi Khola (5 MW) and Mistri Khola (42 MW) generate revenue from electricity sales, which are invoiced to Nepal Electricity Authority under the terms of the PPA until Poush end 2079.
Highlights:
- The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.
- Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit
- Sahas Urja’s net profit fell 37.26% in the second quarter.
- National Life Insurance’s net profit increases by an astounding 57.70%.
- Decrease in Sales Revenue and Increase in Finance Cost Results 33.12% Decline in Net Profit of Supermai Hydropower for Q2