Staff Reporter :
Local power producer Summit Power, a subsidiary of Singapore-based holding company Summit Power International (SPI), reported a 9 per cent rise year-on-year in net profit in FY2023-24 First Half (H1).
The company did not disclose any reason why the profit increased during this period on the DSE website on Monday.
Summit Power reported a net profit of Tk 182.60 crore in the first six months of FY24, compared to a profit of Tk 167.65 crore in the same period last year.
The company said its consolidated EPS was Tk 1.71 for July-December 2023, as against Tk 1.57 for July-December 2022.
The company’s net asset value (NAV) per share stood at Tk 39.77 and net operating cash flow per share (NOCFPS) at Tk 2.21 for July-December 2023, compared to Tk 38.02 and Tk 2.02, respectively, for the previous fiscal year.
On the same day, the company released its financial report for the first quarter (July-September) of FY24 on the DSE website.
While the company posted a net profit of Tk 95.04 crore in the July-September period, the profit was Tk 86.49 crore in the same period of the previous year.
For this period, the company said its consolidated EPS was Tk 0.89 for July-September 2023, as against Tk 0.81 for July-September 2022.
