Kathmandu. Api Power Company Limited has published its unaudited financial statements for the first quarter. According to the details of the current fiscal year, the net profit of the company has increased compared to the same period of the previous financial year.

The company earned a net profit of Rs 26.27 crore in the same period of the current FY. It was 44.61 percent higher than the same period last year. The company had posted a net profit of Rs 18.17 crore in the same quarter last year.

The company’s net profit has increased due to increase in electricity sales income and decrease in financial expenses. In the review period, the company’s electricity sales income increased by 13.31 percent and the total profit increased by 10.79 percent. However, the company’s financial expenses decreased by 37.57 percent in the review period.

Along with the profit, the company’s earnings per share also increased. During the review period, the company’s income increased by Rs 4.74 to Rs 17.30. At the end of the first quarter, the company had a net worth per share of Rs 114.74 and P/E ratio of 15.62 times.

The company has paid-up capital of Rs 6.07 billion and other equity of Rs 89.57 crore.