Day: May 6, 2024

Sun Nepal Life Insurance Company Limited (SNLI) has announced impressive financial results for the third quarter of fiscal year 2080/2081, showcasing a notable surge of 11.06% in net profit. The company’s net profit rose to Rs. 49.36 crores from Rs. 44.45 crores in the corresponding quarter of the previous fiscal year.

SNLI’s financial overview reflects a robust foundation, boasting a paid-up capital of Rs. 3.2 Arba and a significant share premium of Rs. 1.26 Arba. Additionally, the company maintains substantial reserves, including Rs. 1.23 Arba in retained earnings, Rs. 36.72 Crores in other equity, and Rs. 14.25 crores in catastrophe reserves.

Despite a marginal decline of 0.98% in net premiums, reaching Rs. 2.49 Arba in Q3 FY 2080/81 compared to the preceding year, SNLI demonstrated financial acumen by generating Rs. 65.23 Crores from income derived from investments, loans, and other financial activities.

However, the quarter also witnessed a noteworthy 6.82% increase in net claims, totaling Rs. 2.05 Arba.

Chilime Hydropower Company Limited (CHCL) has unveiled its financial report for the third quarter of Fiscal Year 2080/81, providing insights into its performance during this period. Despite a 10.97% decrease in earnings, CHCL managed to achieve a commendable net profit of 47.09 Crores.

Throughout the quarter, CHCL made significant investments totaling Rs. 6.14 Arba. Although there was a slight 2.7% decrease in revenue compared to the same period last year, the company generated Rs. 78.25 Crores from power sales. However, operating expenses witnessed a notable surge of 30.24% to Rs. 9.61 Crores, while administrative expenses remained steady at Rs. 4.59 Crores.

CHCL maintains its financial stability with a paid-up capital of Rs. 7.98 Arba and healthy Retained Earnings valued at Rs. 2.62 Arba.

The company’s Annualized Earnings Per Share (EPS) stands at an impressive Rs. 7.86, with the net worth reported at a substantial Rs. 132.93.

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has unveiled its financial report for the third quarter of the fiscal year 2080/2081, showcasing a remarkable upsurge in performance. The company reported a notable 17.48% increase in net profit, soaring to Rs. 3.88 crores from Rs. 3.3 lakhs compared to the same quarter last year.

The report highlights a substantial 71.57% surge in core revenue, particularly in net interest income, which climbed to Rs. 31.62 crores from Rs. 18.43 crores in the corresponding quarter of the previous year.

Moreover, ALBSL observed positive growth in essential operational indicators. Deposits rose by 1.24% to Rs. 2.85 Arba, while loans and advances saw an increase of 9.03%, reaching Rs. 9.73 Arba during the third quarter.

During Q3, ALBSL recorded impairment charges totaling Rs. 2.48 crores, marking a significant decline of 39.51%. This decrease in impairment charges substantially contributed to the rise in net profit for the company.

Regarding the financial position, ALBSL reported a paid-up capital of Rs. 64.16 Crore, along with retained earnings of Rs. 12.33 crores and reserves and surplus amounting to Rs. 25.51 crores. The annualized earnings per share (EPS) stood at Rs. 8.07, while the net worth per share was recorded as Rs. 158.99. Notably, ALBSL traded at a P/E multiple of 91.11 times during the period.