Upper Solu Hydro's Progress Report: Net Profit Increased by 70.69%

Upper Solu Hydro Electric Company Limited has published its financial report for the second quarter of the fiscal year 2081/82. As of the end of Poush, the company has recorded a net profit of NPR 143.26 million, which is a significant 70.69% increase compared to the same period last year.

Net Profit:

• Current Year: NPR 143.26 million

• Previous Year: NPR 83.93 million

• Increase: 70.69%

Revenue from Electricity Sales:

• Current Year: NPR 454.85 million

• Previous Year: NPR 428.80 million

• Increase: 6.07%

Gross Profit:

• Increase: 6.23%

• Current Year: NPR 412.12 million

• Previous Year: NPR 387.95 million

Financial Costs:

• Current Year: NPR 156.03 million

• Previous Year: NPR 195.58 million

• Decrease: 20.22%

Earnings Per Share (EPS):

• Current Year: NPR 21.22

• Previous Year: NPR 12.43

• Increase: 8.79%

Net Worth Per Share:

• Current Year: NPR 104.95

• Previous Year: NPR 99.86

Price-to-Earnings (PE) Ratio:

• Current Year: 30.95

• Previous Year: 27.74

The increase in revenue from electricity sales and a reduction in financial costs have been the primary drivers of the company's profit growth. Earnings per share and net worth per share have also improved significantly. These financial improvements are likely to boost investor confidence in the company.