Mountain Energy Nepal Reports Rise in Revenue and Profit in Q3
Summary
Mountain Energy Nepal Limited reports a 17.01% increase in electricity sales revenue to Rs 1.79 billion and a 13.45% rise in net profit to Rs 527.6 million in Q3 FY 2082/83, driven by hydropower projects and subsidiary acquisition.
Key Points
- Mountain Energy Nepal Limited's electricity sales revenue increased by 17.01% to Rs 1.79 billion in Q3 FY 2082/83.
- Net profit rose by 13.45% to Rs 527.6 million, supported by reduced interest expenses and higher sales.
- The company’s operating profit increased to Rs 686.3 million during the period.
- Mountain Energy transformed into a holding company after acquiring Dudhkhola Hydro Power Company, which is developing a 65 MW hydropower project in Manang.
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