Salt Trading Corporation Limited (STC), in its latest financial update, has reported a significant profit increase in the third quarter of the fiscal year 2080-81. The company’s net profit rose to Rs. 5.19 crores, marking a 40% increase compared to Rs. 3.71 crores in the same period last year.
STC’s financial health is robust, with a paid-up capital of Rs. 32.07 crores and reserves and surplus amounting to Rs. 1.39 Arba. The company witnessed a remarkable rise in sales revenue by 63.91%, totaling Rs. 9.45 Arba. There was also a slight growth in other income, up by 4.78% to Rs. 2.73 crores.
However, the report also highlights challenges, such as a significant 52.85% increase in interest expenses, which stood at Rs. 41.61 crores. Administrative expenses saw a 5.09% rise to Rs. 16.12 crores, while staff costs also grew by 8.78%, amounting to Rs. 27.17 crores.
The company’s earnings per share (EPS) have been calculated at Rs. 21.60, with the net worth per share reaching Rs. 534.06.
Disclaimer
The information provided in this article is for general informational and educational purposes only. It should not be interpreted as financial, investment, trading, or professional advice. Market data, company announcements, ratings, and analysis may contain errors, may change without notice, and should always be verified directly from official filings, regulatory disclosures, and company press releases.
Investing in the share market, IPOs, FPOs, mutual funds, insurance products, or any financial instruments carries inherent risks. Past performance does not guarantee future results. Readers are strongly encouraged to consult a licensed financial advisor, investment professional, or legal expert before making any investment decisions. This website and its authors are not responsible for any financial losses, decisions, or actions taken based on the information provided.
