Kathmandu. Terhathum Power Company Limited has published its unaudited financial statements for the first quarter of the current fiscal year. According to the report, the net profit of the company has increased slightly compared to the same period of the last FY.

The company has earned a net profit of Rs 5.62 crore in the first quarter of the current FY. It was 22.19 percent more than the same period last year. The company had posted a net profit of Rs 4.6 crore in the same quarter last year.

Although the income from the sale of electricity has decreased, the net profit of the company has increased due to the decrease in financial expenses. In the review period, the company’s electricity sales income decreased by 0.50 percent to Rs 82.3 million. Similarly, the company’s net profit declined by 0.82 percent and operating profit by 1.14 percent. The company’s financial expenses decreased by 54.58 percent in the review period, which led to an increase in net profit.

Despite the increase in profit, the company’s earnings per share declined. In the review period, the company’s income decreased by Rs 17.91 to Rs 28.12. The decrease in earnings per share is due to the increase in paid-up capital compared to the net profit. At the end of the first quarter, the net worth per share of the company stood at Rs 99.61 and P/E ratio of 9.99 times.

The company has a paid-up capital of Rs 80 crore and reserve fund of Rs 31 lakh.