In its latest second-quarter report for the fiscal year 2080/2081, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a significant 32.87% decrease in net profit. The net profit for this quarter fell to Rs. 17.76 crore, down from Rs. 26.47 crore in the same period last year. Despite the decline in net profit, the company […]
The current owner of Sindhu Bikas Bank Limited (SINDU) plans to sell 131,136 shares to existing shareholders who are interested in becoming promoters. This auction begins today and will last for 35 days, ending on the 26th of Magh. Interested shareholders must submit their bids at the bank’s central office in Banepa, Kavrepalanchowk. If
Sahas Urja Limited (SAHAS) has released its unaudited report for the second quarter of FY 2080/81, revealing an impressive 112.33% surge in net profit. The company’s net profit rose significantly to Rs. 45.86 crores for this quarter, a substantial increase from Rs. 21.59 crores in the same quarter last year. SAHAS achieved notable revenue from
In the second quarter of the fiscal year 2080/81, Sikles Hydropower Limited (SIKLES) recorded a net profit of Rs. 6.29 crores, marking a slight uptick of 0.27% compared to the same period last year when it stood at Rs. 6.27 crores. During this timeframe, the company’s long-term loan decreased by 6.76%, reaching Rs. 1.26
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
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
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
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
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
The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) has reported a recent decrease in the cost of fine gold and silver. According to the latest update, the trading price for fine gold is now Rs. 1,18,000 per tola, marking a reduction of Rs. 500 from the closing rate on Monday, which was Rs.
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
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.
