Financial Performance for First Quarter
Sonapur Minerals and Oil Limited (SONA) has released its unaudited financial statements for the first quarter of the current fiscal year, showing a turnaround from a loss in the same period last year to a profit this year.
During the first three months, the company recorded a net profit of NPR 43.6 million, compared to a loss of NPR 85.5 million in the same period of the previous fiscal year. The improvement in profitability is attributed to a significant increase in sales revenue.
Revenue and Profit Highlights
- Sales revenue increased by 95.30%.
- Total profit surged by 788.91%.
- Financial expenses rose by 58.16%.
- Operating profit turned positive from a previous loss of NPR 28.2 million to NPR 13.4 million.
Earnings Per Share and Net Worth
- Earnings per share (EPS): NPR 5.68
- Net worth per share: NPR 191.91
- Price-to-earnings (P/E) ratio: 71.30
Capital and Reserves
The company has a paid-up capital of NPR 307.5 million, with reserves amounting to NPR 282 million.
The first-quarter results reflect strong sales growth and effective cost management, enabling the company to move from a loss to a profitable position within the fiscal year.