Chilime posts 5.3% profit in Q2; BPC reports 305 % due to dividend income

Kathmandu, Feb 12 – Chilime Hydropower Company Limited has reported a modest growth of 5.35 percent in the second quarter of the current fiscal year 2070/71 while another leading power developer has stated that it has earned an impressive growth of 305.5 percent mainly due to the income it made from dividend.
Publishing its unaudited balance sheet for the second quarter today, Chilime, one of the blue-chip companies, has stated that it earned a net profit of Rs 56.83 crore in the second quarter, up from Rs 53.94 crore in the corresponding quarter of the last fiscal year.
The growth is attributable to its operational profit that rose to Rs 62.08 crore from Rs 59.28 crore in the corresponding quarter.
Chilime has also informed that 30 percent bonus shares offered to the shareholders from the net profit it earned in the last fiscal year has been capitalized in the balance sheet and that the cash dividend has been shown in the provision.
It has also deducted Rs 5.25 crore as depreciation in the balance sheet.
Its EPS (annualized) stands at Rs 50.04 and its net worth per share at Rs 286.19.
Meanwhile, Butwal Power Company has stated that it earned a net profit of Rs 43.80 crore in the second quarter, up from Rs 10.80 in the corresponding quarter.
The growth was propelled largely by Rs 39.36 crore in earned as dividend income. Its EPS now stands at Rs 43.15 and its net worth per share at Rs 289.
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