Mountain Energy Nepal Ltd reported a profit (after tax) of Rs. 35.55 crores in the second quarter. Profit decreased by 16.52% in this quarter. The profit in the previous corresponding quarter was Rs. 42.63 crores. Tadi Khola (5 MW) and Mistri Khola (42 MW) generate revenue from electricity sales, which are invoiced to Nepal Electricity Authority under the terms of the PPA until Poush end 2079.
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2079/2080 with a rise in Net Profit by 11.56%. As per the report published by the mChhimek Laghubitta Bittiya Sanstha Limited (CBBL) reported an 11.56% increase in Net Profit in the second quarter of FY 2079/2080. According to the microfinance company’s report, net profit increased to Rs. 55.60 crore from Rs. 49.84 crore in the previous year’s corresponding quarter. The company’s borrowings fell by 2.69% to Rs. 4.64 Arba from Rs. 4.77 Arba in the previous year’s corresponding quarter. The company’s deposits increased by 9.41% to Rs 29.56 Arba. In this quarter, the company’s loans and advances increased by only 1.39% to 33.53 Arba.icro finance company, the net profit increased to Rs. 55.60 Crores as compared to Rs. 49.84 crore in the corresponding quarter of the previous year.
Ridi Power Company Limited (RIDI) reported a 95.81% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit declined to Rs. 1.96 crores in this quarter from Rs. 46.98 crores in the previous year’s equivalent quarter.
In this quarter, the firm recorded total income of Rs. 18.92 crores, a 71.94% reduction from the previous year’s similar period.
According to management, there has been no substantial change in the organization’s balance, income, or liquidity during this quarter. The operations are carried out in accordance with the company’s business plan. During this quarter period, as the company’s interest climbed, the income decreased, and it is projected that the profit will improve when the interest expenditure reduces in the future days, and the income will improve from the following quarter.
It has a reserve resource of Rs. 50.25 crores and a share capital of Rs 1.10 Arba. For Fiscal Year 2078/79, the corporation additionally proposed 40% bonus shares worth Rs. 44,25,43,200 and a 2.10% cash dividend (including tax) of Rs 2,32,33,518. The firm has capitalized these extra dividends, resulting in an increased paid-up capital of Rs. 1.54 Arba.
Furthermore, the business intends to issue 77,44,506 rights shares (1: 0.50 ratio right shares) to shareholders. Following SEBON clearance, this will be given from the paid-up capital of Rs. 1.54 Arba.
Its annualized earnings per share are Rs 3.56, its net value per share is Rs 145.43, and its P/E ratio is 153.94.
Sanima Mai Hydropower Company Limited (SHPC) reported an 11.36% decrease in net profit in the second quarter (Q2) of fiscal year 2079/80. Profit declined to Rs. 32.92 crores in this quarter from Rs. 37.14 crores in the previous year’s equivalent quarter.
Revenue from the sale of electricity has declined by 12.4% when compared to the same quarter last year. The lower revenue is attributable to the expiration of the Posted Rate Facility Agreement for the Mai Hydropower Project (15.6 MW), as well as poor hydrological conditions throughout the quarter. As a result, the net profit for the fiscal year 2079/080’s second quarter ended 11.36% lower than the previous year’s quarter ended. In addition, the business spent over Rs. 2.34 Arba in associates, which climbed by 91.06% in this quarter.
Today is the last day to take advantage of Guheswori Merchant Banking & Finance Limited’s proposed 6.84% dividend (GMFIL).
The company has scheduled its 21st Annual General Meeting for March 27th, 2079. The meeting will begin at 10 a.m. that day at the company’s headquarters in Harihar Bhavan, Lalitpur.