Kathmandu. Shivam Cements has published its financial results for the first quarter of the current FY. According to the report, the profit of the company has increased by 1538.16 percent compared to the last FY.

The company has earned a net profit of Rs 20.96 crore in the same period of the current FY.

In the review period, the company earned Rs 1.53 billion from the sale of products. The company had posted a net profit of Rs 1,400 crore in the previous fiscal year. The company’s revenue increased by 9.03 percent.

As of mid-September of the current fiscal year, the company’s business expenses stood at Rs 1.20 billion. In the previous fiscal year, the company’s business expenses were Rs. 1.30 billion. The company’s business expenses decreased by 3.37 percent in the review period compared to the previous year.

The company has paid-up capital of Rs 5.45 billion with EPS of Rs 15.37 and net worth per share of Rs 192.18.