Api Power's net profit decreased along with electricity sales revenue

Api Power Company Limited has published unadjusted financial statements for the fourth quarter of last financial year. According to the details, the electricity sales income and net profit of the company have decreased compared to the same period of the previous financial year.

By the end of the last financial year, the company has earned a net profit of Rs 68 lakh. This is 93.59 percent less than the same period of the previous financial year. In the same period of the previous financial year, the company had earned a net profit of Rs 10 crore 61 lakh. However, the company's income after fair value gains on investments is Rs 162.8 million.

The net profit of the company has decreased along with the decrease in electricity sales income.

During the review period, the electricity sales income of the company decreased by 13.87 percent to 446.6 million rupees. In the previous financial year, the company earned Rs 518.5 million through the sale of electricity. Similarly, during the review period, the total profit of the company decreased by 16.53 percent while other income increased by 22.56 percent. The company's total expenses increased by 9.88 percent during the review period.

Along with the profit, the company's earnings per share also decreased. During the review period, the income of the company has decreased by Rs 2 60 paisa to 16 paise. As of mid-June, the company's net worth per share is 103 rupees 93 paise.

The company has a paid-up capital of 4 billion 13332 million rupees and other equity of this company is 1622 million rupees.