Kathmandu. Mountain Energy Nepal Limited has published its unrevised financial statements for the fiscal year 2082\/83. According to the report, the company’s net profit increased by 29.08 percent during the period. During the period, the company earned a net profit of Rs 79.70 crore. The company had posted a net profit of Rs 61.74 crore in the same quarter last year. <\/p>\n
During this period, the company earned Rs. 1.53 billion from the sale of electricity. It was 17.31 percent higher than the same period last year. In the same period of the previous FY, the company had earned Rs 1.30 billion. <\/p>\n
During this period, the company has received Rs 9 lakh as insurance claims. The company’s interest expense has also come down to Rs 20.19 crore from Rs 24.43 crore. The company’s net profit has increased due to the increase in electricity sales income, insurance claims and interest expenses. The operating profit of the company also increased from Rs 891.8 million to Rs 1 billion. <\/p>\n
The company has paid-up capital of Rs 3.12 billion and reserve capital of Rs 1.58 billion. Based on the paid-up capital of the company, the company has the capacity to pay 25 percent dividend from the profit of the fiscal year 2082\/83. The company is preparing to construct 65 MW Dudhkhola Project in Manang. The financial arrangement for the project has been completed recently.\u00a0 Since the company needs cash for the construction of the project, it is estimated that the company will provide bonus shares as dividend. In the previous years, the company had been emphasizing on bonus shares. The company has been paying dividend continuously since the fiscal year 2078\/79. <\/p>\n
During the period, the company’s earnings per share increased from Rs 23.72 to Rs 25.52. The company has been able to maintain earnings of more than Rs 25 per share even after adding 20 percent bonus from the profit of FY 2081\/82.\u00a0 Similarly, the net worth per share of the company is Rs 150.78. <\/p>\n
The 42 MW Mistri Khola Hydro Project and the 5 MW Tandikhola Hydro Project have been producing electricity in a row.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Mountain Energy Nepal Limited has published its unrevised financial statements for the fiscal year 2082\/83. According to the report, the company’s net profit increased by 29.08 percent during the period. During the period, the company earned a net profit of Rs 79.70 crore. The company had posted a net profit of Rs 61.74 crore […]<\/p>\n","protected":false},"author":9,"featured_media":265567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45212,45159],"tags":[],"class_list":["post-310468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hydropower-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/310468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=310468"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/310468\/revisions"}],"predecessor-version":[{"id":310469,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/310468\/revisions\/310469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/265567"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=310468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=310468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=310468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}