KATHMANDU

Api Power Company has released its financial statements for the second quarter of the current fiscal year. The company has earned a net profit of Rs 143.21 million.The company’s profit is 245.79% higher than the same period last year. The company had earned only Rs 41.41 million in the corresponding period last year. 

The company’s profit has improved after the increase in revenue from the sale of electricity. Revenue from sale of electricity has been increased from Rs. 135 million 35 thousand to Rs. 241.9 million 67 thousand.The paid up capital of the company, which has reached Rs 297.08 million in the reserve fund, is Rs 1.92 billion. By mid-Push, the company’s earnings per share (annual) has increased from Rs 6.96 to Rs 14.84 and net worth per share has also increased from Rs 109.71 to Rs 115.39.