Chilime Hydropower Company Reports Slight Incline In Net Profit In First Quarter; Sold Electricity Worth Rs. 35.58 Crores

Chilime Hydropower Company Limited (CHCL) has published its first-quarter unaudited report with a slight incline in net profit by 2.14%. The profit increased to Rs. 20.58 crores in this quarter from Rs. 20.14 crores in the corresponding quarter of the previous year.

Chilime Hydropower has sold electricity worth Rs. 35.58 crores and earned finance (interest) income of Rs 3.91 crore till Q1.

Its reserve fund stands at Rs. 3.83 Arba with share capital at Rs 6.75 Arba. With this capital, the annualized earnings per share of the company stand at Rs. 12.19. The net worth per share at Rs 156.77 and the P/E ratio stood at 29.77 times.

As per the management report, the current cash balance will be used to pay dividends, to identify, study and develop new projects, and operate the office.

There are no incidents and conditions that have an adverse effect on the company's profit and cash flow. But the effects of divine disaster beyond human control will remain forever.

No action has been taken by the company management to increase/decrease the market value of the shares in an extraordinary manner. The management side is confident that the organization has succeeded in earning the expected profit and would like to achieve more success in the future and also wants to convince the related investors.

As passed by the 25th Annual General Meeting, a proposal has been passed to distribute 7.5% of the paid-up capital of the company in bonus dividends and 7.5% of cash dividends from from the profit amount to be received by the shareholders whose names are registered in the register of shareholders on the date of the general meeting.

Click here for Q1 report

Major Financial Highlights