In the second quarter of the fiscal year 2080/2081, Citizen Life Insurance Company Limited (CLI) demonstrated positive financial performance, marked by a 2.73% increase in net profit. The net profit rose from Rs. 12.36 crores to Rs. 12.03 crores when compared to the corresponding quarter of the previous year. Citizen Life’s financial position revealed a […]
Three Star Hydropower Limited (TSHL) has officially notified its investors and stakeholders regarding the conclusion of the lock-in period for 36,938 unit shares held by Mutual Funds. This development aligns with the most recent directives issued by the Securities Board of Nepal (SEBON). The lock-in period for these shares, which commenced on Ashadh 19, 2080,
In the second quarter of the fiscal year 2080/81, Mountain Energy Nepal Limited (MEN) experienced a marginal decline in net profit, registering a decrease of 1.63%. The net profit for this quarter amounted to Rs. 35 crores, down from Rs. 35.58 crores in the same quarter of the previous fiscal year. The company’s revenue derived
In the recently disclosed second-quarter fiscal report for the year 2080/2081, Support Laghubitta Bittiya Sanstha Limited (SMB) exhibited a remarkable financial performance, witnessing a substantial 246.82% increase in net profit. The net profit surged from Rs. 24.91 lakhs to Rs. 86.42 lakhs when compared to the corresponding quarter of the previous year. Despite a 5.39%
Kutheli Bukhari Small Hydropower Limited (KBSH) has notified its investors and stakeholders about the recent expiration of the lock-in period for 6,093 unit shares held by Mutual Funds. This lock-in period, as per the directives from the Securities Board of Nepal (SEBON), had commenced on Kartik 20, 2080, and concluded on Magh 6, 2080. Among
NIMB Ace Capital Limited and Mount Everest Power Development Limited have entered into an agreement for the issuance of 2,580,000 ordinary shares. These shares will be made available to local residents in areas affected by the project and the general public, constituting 30 percent of the total issued capital. The signing ceremony included Mr. Arjun
Infinity Laghubitta Bittiya Sanstha Limited demonstrates its commitment to excellence and regulatory compliance by conducting AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) & Quality Growth Training for all branch office employees in Bara, Parsa, and Rautahat within the Madhesh Province. Under the leadership of Mr. Gyanishwor Panta, Deputy Chief Executive Officer and program chair, the training
Shangri-la Development Bank Limited (SADBL) presents a unique investment opportunity as its existing promoters initiate the auction of 1,76,040 units of shares to both the general public and institutions starting from the 8th of Magh, 2080. In this exclusive offering, Nawaraj Bajagain is set to sell 5,030 units, while Iman Bahadur Gurung plans to
Nepal Investment Mega Bank Limited (NIMB) has recently disclosed its financial performance for the second quarter of fiscal year 2080/81, indicating a 13.62% decrease in net profit, which now stands at Rs 1.08 Arba. Despite the decline in net profit, the bank remains in a strong financial position with a total paid-up capital of Rs.
Gold continues to display its allure with a daily price surge of Rs. 400 per tola, while silver, on the other hand, experiences a marginal decline of Rs. 5 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold stands at Rs. 118,400
Muktinath Bikas Bank Limited (MNBBL) has disclosed its second-quarter report for the fiscal year 2080/81, revealing a notable 32.93% decrease in net profit, dropping from Rs. 62.62 Crores in Q2 FY 2079/80 to Rs. 42 Crores in Q2 FY 2080/81. Concurrently, the bank reported a negative distributable profit after PL Appropriation and Regulatory Adjustments, amounting
Laxmi Sunrise Bank Limited (LSL) has shared its financial results for the second quarter of the fiscal year 2080/81, reporting a small 1.66% decrease in net profit to Rs. 1.05 Arba compared to the same period last fiscal year when it earned Rs. 1.07 Arba. The bank showcased positive growth with a remarkable 104.66% increase
