Sonapur Minerals and Oil Reports Profit in Q1 After Previous Year Loss

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.

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