Butwal Power Company likely to offer 25% dividend

Butwal Power Company Limited is reportedly planning at least 25 percent dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

“The company will not decrease the amount of dividend it had distributed last year”, according to sources privy of the development.

However, it is still not clear whether the power developer will give 25 percent cash dividend or bonus share or a mixture of two, the sources added.

Last year BPC had distributed 25 percent cash dividend to the shareholders.

It comes as welcome news to the shareholders.

BPC’s net profit had decreased by 67 percent in the first quarter of the current fiscal year 2069/70, according to the unaudited report the power developer published earlier this month,

BPC has posted a net profit of Rs 1.60 crore , down from Rs 4.9 crore in the corresponding quarter.

It has said that “the shutdown of Andhikhola power” project since November 21 last year “has resulted in reduction of overall generation and decrease in gross operating income thereof”.

BPC’s EPS is at Rs 1.58 and its net worth per share stands at Rs 251.

The company to generate 94 MW electricity within 3 years

BPC officials have informed that the company will generate 96MW of electricity within three years.

They added that Kabeli ‘A’ and Nyadi hydropower projects start generating additional 67MW of electricity within that period.

BPC is currently generating electricity through Jhimruk, Andhikhola and Khudi hydropower projects.

Kabeli Energy Limited is developing 37.6 MW Kabeli ‘A’ project. BPC holds majority shares in this company. World Bank and IMF and national BFIs are investing in the project.

BPC also has majority share in 30 MW Nyadi project, which is expected to generate electricity by the end of 2016.
-sharesansar