Ghorahi Cement Industry Limited has released its unaudited financial statements for the second quarter (up to mid-January) of the current fiscal year 2082/83, showing a marked improvement compared to the same period last year.
According to the report, the company has successfully reduced its net loss from NPR 667.1 million in the previous year to NPR 264.9 million this year. The reduction in losses is attributed to higher operating revenue and improved cost management.
Operating revenue has shown encouraging growth, rising 20.19% from NPR 1.7319 billion last year to NPR 2.0815 billion in the current fiscal period. Along with increased revenue, the company’s total profit has also improved significantly, rising from NPR 117.4 million last year to NPR 305.4 million this year. Additionally, financial costs decreased from NPR 480.7 million to NPR 337.7 million, indicating enhanced financial health.
Despite these positive results, some financial indicators still reflect pressure. Earnings per share (EPS) remained negative at NPR 5.27 per share. Net worth per share stood at NPR 166.58, while total assets per share were valued at NPR 436.08. The company currently has a paid-up capital of NPR 502.44 million and reserves amounting to NPR 687 million.
Management analysis highlights that, despite intense competition in the cement sector and a slowdown in construction activity, the company has successfully improved its sales strategy. Looking ahead, with an anticipated boost in government infrastructure projects and higher cement demand, the company expects further improvements in its financial performance.
