Sonapur Minerals and Oil Limited has recently published its annual financial reports for the fiscal year 2079/80.
A financial report of a company is a set of documents that provide detailed information about its financial performance. It includes data on income, expenses, assets, liabilities, and cash flow over a specific period, typically quarterly or annually.
As per the report, Sonapur Minerals and Oil Limited has generated a net revenue of Rs. 1.73 Arab in the year 2079/2080. The net revenue declined by 27% as compared to previous year’s net revenue which was around Rs. 2.37 Arab. The gross profit this year amounted to Rs. 41.5 Crore which shows a decline of Rs. 16.9 Crore as compared to last year’s Rs. 58.4 Crore gross profit.
After calculating all the costs, expenses and tax, the net profit for the fiscal year 2079/80 amounted to Rs. 2.62 Crore which is again a decline of 79.3% in total profit than previous year. Similarly, the EPS (Earning Per Share) is Rs. 1.42 while it was around Rs. 6.88 last year.
It seems that the company didn’t have enough sales this year which justifies the decline in it’s overall profits. If this continues, the investors and shareholders of the company will have a hard time ahead.
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Currently, Sonapur Minerals and Oil Limited has a total market capitalization of Rs. 13,591,721,000 and share value of around Rs. 430. It is performing quite well in the secondary market and is set to perform even better in upcoming days.
About Sonapur Minerals and Oil Limited
Sonapur Minerals and Oil Limited (established as a private limited company was later converted to Public Limited company ) was incorporated in the year 2008 as a cement manufacturing industry with initial plant manufacturing capacity of 400 Ton Per Day of Cement and 750 Ton Per Day of Clinker. However considering the increasing demand and increasing brand value of our products, the capacity of the plant was expanded and at present the capacity of the cement manufacturing unit is 2300 Ton Per Day and clinker unit is 1250 Ton per Day.
The company is selling Ordinary Portland Cement (OPC) under brand name such as “Sona Cement OPC” and Pozzolana Portland Cement (PPC) under other brand names like Sonakshi PPC, Sona PPC, Sonapur PPC, Sonashree PPC, Sonatech PPC, Sonali PPC, Sona Chandi PPC, Sonapur PPC and Sonatech PPC.
The company is committed towards manufacturing and providing best quality products to its customers along with its contribution for sustainable economic development of the nation. The company is being run by experienced promoters and qualified management team dedicated towards the growth of the business of the company.
