Business | Market | Economy
Ganapati Laghubitta Q2: Net Profit and Revenue Decline; NPL at 4.66%
Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has published its second-quarter financial report for FY 2080/2081, indicating a 5.33% decrease in Net Profit. The net profit for this quarter fell to Rs. 1.07 Crores from Rs. 1.13 Crores in the same period last year. Moreover, the company experienced a 14.25% decrease in borrowings, totaling Rs. 1.49 […]
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CBBL Q2 Report Shows 21.55% Net Profit Drop; EPS at Rs. 29.30
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) released its second-quarter report for FY 2080/2081, revealing a 21.55% decline in net profit. The net profit dropped to Rs. 43.62 crore from Rs. 55.60 crore in the same quarter last year. Additionally, the company’s borrowings decreased by 22.81% to Rs. 3.51 Arba compared to Rs. 4.55 Arba […]
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NIBL Stable Fund Allotted; Fund Size Extended to Rs. 113 Crores
NIMB Ace Capital Limited launched its latest closed-end mutual fund scheme, named the “NIBL Stable Fund,” valued at Rs 1 Arba. The subscription period began on the 2nd of Magh and ended on the 16th of Magh, 2080. The allotment program took place at NIMB Ace Capital’s premises in Lazimpat on the 24th of Magh […]
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Slow Progress: Narayangadh-Butwal Road Project 46% Complete
The Narayangadh-Butwal road expansion, part of the East-West Highway, is only 46% complete after five years, with significant work remaining. Engineer Shiv Khanal, from the project’s Eastern Section, attributes the slow progress to contractors not sticking to their schedules. The China State Construction Engineering Corporation Limited began the project in 2075 B.S. with a […]
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Mithila Laghubitta Bittiya Sanstha Limited Reports Q2 Net Profit Decline of 38.73%, Reveals Financial Snapshot
Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has recently released its financial report for the second quarter of the fiscal year 2080/81. The company disclosed a net profit of Rs. 1.33 Crore during this quarter, indicating a decline of 38.73% from the Rs. 2.17 Crores reported in the same quarter of the previous fiscal year. MLBBL’s […]
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Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24
The Nepal Rastra Bank, the central bank of Nepal, has disclosed the current macroeconomic and financial state of Nepal based on data from the first six months ending mid-January 2023/24. The overall assessment reveals that inflation remained at 5.26% on a year-on-year basis, and the gross foreign exchange reserves reached USD 13.69 billion. Total imports […]
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Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit
Reliable Nepal Life Insurance Limited (RNLI) has recently announced a noteworthy 4.97% increase in its net profit, reaching Rs. 23.09 crore in the current quarter, as opposed to Rs. 22 crore in the corresponding quarter of the previous year. The company, with a paid-up capital of Rs. 4 Arba and a share premium of Rs. […]
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SuryaJyoti Life Insurance Shines with 62.93% Net Profit Surge in Q2; EPS Reaches Rs. 10.41
SuryaJyoti Life Insurance Company Limited (SJLIC) has revealed impressive second-quarter results for the fiscal year 2080/2081, displaying a significant 62.93% increase in net profit. The net profit surged to Rs. 23.66 crores, marking a notable rise from Rs. 14.52 crores in the same quarter last year. Examining SJLIC’s financial standing, the company boasts a […]
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NMB Laghubitta (NMBMF) Records Significant Q2 2080/81 Net Loss with 58.91% Increase in NPL
NMB Laghubitta Bittiya Sanstha Limited (NMBMF) recently revealed its second-quarter financial report for the fiscal year 2080/81, showing a noticeable decline in net profitability. The company reported a significant net loss of Rs. 6.75 Crore, a sharp contrast to the Rs. 13.53 lakhs recorded in the same quarter of the previous year. The financial figures […]
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Dordi Khola Hydropower Taps Sanima Capital as Issue Manager for 1:1 Rights Offering
Dordi Khola Hydropower Company Limited (DORDI) has selected Sanima Capital Limited as the exclusive issue manager for its upcoming 1:1 ratio rights issue, according to an announcement from the Nepal Stock Exchange (NEPSE). In the upcoming rights issue, the hydropower company plans to issue 10,542,604 (1:1) units of right shares, equal to 100% of its […]
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