Api Power's Net Profit Increases 6 Folds

November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY. 

The company earned Rs 46.1 million income by selling electricity to Nepal Electricity Authority during the review period. Meanwhile, the earning per share of the company is rested at Rs 108.42 whereas P/E ratio is at 90 times. The company has share capital of Rs 1 billion.