Salt Trading Corporation Limited (STC), in its latest financial update, has reported a significant profit increase in the third quarter of the fiscal year 2080-81. The company’s net profit rose to Rs. 5.19 crores, marking a 40% increase compared to Rs. 3.71 crores in the same period last year.
STC’s financial health is robust, with a paid-up capital of Rs. 32.07 crores and reserves and surplus amounting to Rs. 1.39 Arba. The company witnessed a remarkable rise in sales revenue by 63.91%, totaling Rs. 9.45 Arba. There was also a slight growth in other income, up by 4.78% to Rs. 2.73 crores.
However, the report also highlights challenges, such as a significant 52.85% increase in interest expenses, which stood at Rs. 41.61 crores. Administrative expenses saw a 5.09% rise to Rs. 16.12 crores, while staff costs also grew by 8.78%, amounting to Rs. 27.17 crores.
The company’s earnings per share (EPS) have been calculated at Rs. 21.60, with the net worth per share reaching Rs. 534.06.