Api Power reports 583% rise in profit

Published On: November 16, 2016 09:45 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Nov 16: Api Power Company Ltd has reported a 583.49 percent rise in its profit in the first quarter of the current fiscal year.

The company profited Rs 17 million in the review quarter compared to Rs 2.49 million in the corresponding period of the last year.

The company earned Rs 46.1 million in the first quarter.

The company also managed to reduce its expenditure to Rs 6.49 million compared to Rs 9.26 million in the first quarter of the last fiscal year.

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