Sanima Middle Tamor Hydropower's Profit Sees Major Improvement: Rs. 271.6 Million Net Profit

Sanima Middle Tamor Hydropower (TAMOR) has published its unaudited financial report for the second quarter of fiscal year 2081/82, showing remarkable growth in profitability.

Significant Profit Growth:
The company reported a net profit of Rs. 271.6 million in the first six months of the fiscal year, a sharp turnaround from a net loss of Rs. 16.3 million in the same period of the previous fiscal year.

Revenue from Electricity Sales:
Revenue from the sale of electricity contributed Rs. 1.07 billion, becoming the major source of income for the company.

Decline in Construction Revenue:
Construction revenue dropped significantly to Rs. 246 million, an 83.30% decrease compared to Rs. 1.47 billion in the same period last year.

Operating Profit and Gross Profit:

• Gross profit: Rs. 961.4 million.

• Net operating profit: Rs. 708.9 million.

EPS and Net Worth per Share:

• Earnings per share (EPS): Rs. 16.30.

• Net worth per share: Rs. 105.97.

• Price-to-earnings (PE) ratio: 33.01 times.

Paid-up Capital and Reserve Fund:
The company’s paid-up capital stands at Rs. 3.33 billion, while its reserve fund has reached Rs. 199 million.
Sanima Middle Tamor Hydropower has shown significant financial improvement during this fiscal year. The substantial revenue from electricity sales has strengthened the company’s overall financial performance, despite a decline in construction revenue.