Nepal Electricity Authority's Net Profit Declines Significantly
Summary
Nepal Electricity Authority’s net profit fell sharply to 5 billion 4 crore rupees in fiscal year 2082/83, down from 8 billion 91 crore rupees a year earlier. Higher foreign exchange liabilities and financial expenses weighed on profits even as electricity sales, operating profit, and total income improved.
Key Points
- Nepal Electricity Authority’s net profit declined by 3 billion 87 crore rupees year-on-year in fiscal year 2082/83.
- Higher foreign exchange rates, interest expenses, depreciation, and impairment losses reduced the authority’s bottom line.
- Electricity sales, total income, operating profit, and customer numbers all increased during the year.
- The authority added 529 megawatts to the system, taking installed capacity to 4,120 megawatts.
