Upper Tamakoshi Hydropower Reports Rs 6.07 Billion Revenue and Rs 996.54 Million Profit in Q2 FY 2082/83
Upper Tamakoshi Hydropower Limited reported a net profit of Rs 996.54 million for Q2 of FY 2082/83, with revenue from electricity sales totaling Rs 6.07 billion. The company’s operating profit was Rs 3.74 billion, indicating a substantial improvement from a loss of Rs 821.1 million during the same period last year. Total assets reached Rs 82.79 billion, while accumulated losses exceed Rs 11.45 billion. Ongoing efforts aim to manage liabilities and restructure debt.
Theia Market Signal Identification - AI Assisted
Upper Tamakoshi Hydropower Limited earned Rs 6.07 billion from electricity sales and reported a net profit of Rs 996.54 million for the second quarter ending mid-Poush of FY 2082/83. The operating profit was Rs 3.74 billion, reflecting a significant recovery from a loss of Rs 821.1 million in the same quarter last year.
Total assets were valued at Rs 82.79 billion, with total equity at Rs 10.59 billion and long-term debt at Rs 68.16 billion. Despite accumulated losses exceeding Rs 11.45 billion, the company’s financial outlook is improving due to increased revenues. Management is focused on addressing project liabilities and stabilizing production.
Comments