Tag: Arun

  • National Life Insurance’s net profit increases by an astounding 57.70%.

    National Life Insurance’s net profit increases by an astounding 57.70%.


    National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter.

    National Life has a paid-up capital of Rs. 4.64 Arba and a reserve of Rs. 26.65 crores, according to the unaudited report for the second quarter issued today.

    The corporation has a life insurance policy worth Rs. 56.15 Arba and a contingency fund worth Rs. 37.20 crores.

    The Net Premium increased by 10.84% to Rs. 7.53 Arba in FY 2079/2080 from Rs. 6.79 Arba in the previous year’s equivalent quarter. The firm earned Rs. 2.12 arba through investment, loans, and other sources. NLICL reports a write-back for potential losses of Rs. 70.53 Lakh for this period.

  • This week, NEPSE increased by a whopping 88.09 points, with a turnover of Rs 12.52 arba.

    This week, NEPSE increased by a whopping 88.09 points, with a turnover of Rs 12.52 arba.


    This week’s NEPSE index finished at 2,182.63, up 88.09 points (4.21%). Last week, the index finished at 2,094.54, down 4.06% from the previous week.

    This week, the index reached a top of 2,213.78 and a low of 2,087.48, resulting in a 126.3 point swing. The prior week’s volatility on the index was 101.74 points.

  • Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2

    Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2


    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 Core Business Revenue Rises By 28.13% in Q2

    Chhimek Laghubitta Core Business Revenue Rises By 28.13% in Q2


    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.

     

  • Shangrila Development Bank Announces 8.983% Dividend Worth Rs 27.04 Crores for FY 2078/79

    Shangrila Development Bank Announces 8.983% Dividend Worth Rs 27.04 Crores for FY 2078/79


    Shangrila Development Bank Limited (SADBL) has proposed a dividend of 8.983% amounting to Rs. 27.04 crores for fiscal year 2078/79. The board of directors decided on Magh 26 to distribute the dividend on the paid-up capital of Rs. 3.01 Arba. There has been proposed an 8.534% bonus share and a 0.449% cash dividend (for tax purposes). Thus, the bonus shares are worth slightly more than Rs. 25.69 crores, and the cash dividend is worth slightly more than Rs. 1.35 crores.

     

     

  • Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares

    Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares


    Union Life Insurance Company held its 5th Annual General Meeting (AGM) for the fiscal year 2077-78 on Magh 26, 2079, under the leadership of its Board of Directors, Mr. Sandeep Kumar Agrawal. According to the media statement, the AGM approved the financial reports for the previous fiscal year and decided on the remuneration of its auditor as well as the meeting allowances for its BoDs.

     

  • Asian Hydropower Opening Issue of 697,200 Unit IPO Shares to General Public from Today

    Asian Hydropower Opening Issue of 697,200 Unit IPO Shares to General Public from Today


    Asian Hydropower Limited will issue 6,97,200 unit shares with a face value of Rs 100 starting today, March 27th, 2079. The company expects to earn Rs 6.97 crore from this IPO. This issue’s early closing date is Falgun 2, 2079, and if it is not fully subscribed, it can be extended until Falgun 12, 2079. Out of the total 840,000 units, 10%, or 84,000 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 16,800 units, have been set aside for the company’s employees, and 5%, or 42,000 units, have been set aside for mutual funds. The remaining 6,97,200 units will be available to the general public.

     

  • Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares

    Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares


    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.

  • The NEPSE Index rises 12.43 points to close at 2,182.61.

    The NEPSE Index rises 12.43 points to close at 2,182.61.


    The NEPSE index finished at 2,182.63 today, up 12.45 points from the previous trading day’s close. 
    This is a 0.57% increase. 
    Yesterday, the index fell 7.13 points.
    Today, the index began at 2,171.17 and closed at 2,153.31. 
    It reached a high of 2,183.75 before settling at 2,182.61.
    In 35,450 transactions, 257 scrips changed hands. 
    A total of 5,648,212 shares were traded, totaling Rs. 2.062 Arba in activity. 
    This is less than the previous day’s turnover of Rs. 3.691 Arba.

    API Power Company Ltd. (API) shares were the most actively traded, with a total turnover of Rs. 5.86 crores at a market price of Rs. 302 per share.Barahi Hydropower Public Limited (BHPL) gained the most, gaining 10% and closing the day on a good note.

    Nabil Balanced Fund-3 (NBF3), on the other hand, lost the most today, losing 5.75%.Only one sector finished in the negative today, “Mutual Fund,” which lost 0.20%, while “Development Bank” gained the most, 1.46%.

     

  • Reminder! Last Day to Grab Dividend Proposed by SIC, LGIL and JBBL

    Reminder! Last Day to Grab Dividend Proposed by SIC, LGIL and JBBL


    The proposed dividends from Sagarmatha Insurance Company Limited (SIC), Lumbini General Insurance Limited (LGIL), and Jyoti Bikas Bank Limited are only available through today (JBBL).

     

    On Falgun 11, 2079, Sagarmatha Insurance Company Limited (SIC) has scheduled its 26th Annual General Meeting. 
    Starting at 10 AM, a meeting will take place in Lainchaur Banquet, Lainchaur.

    Today is the last day to grab dividends proposed by Sagarmatha Insurance Company Limited (SIC), Lumbini General Insurance Limited (LGIL), and Jyoti Bikas Bank Limited (JBBL).

     

  • Visiting USAID representative Power meets with Finance Minister Paudel

    Visiting USAID representative Power meets with Finance Minister Paudel


    Visiting Administrator of the United States Agency for International Development (USAID), Samantha Power, met with Finance Minister Bishnu Prasad Paudel at the latter’s office  in Singha Durbar today. The meeting touched on an array of subjects including the bilateral relations between Nepal and the US, it has been said.

    On the occasion, Minister Paudel said Nepal for the first time got foreign assistances after signing the point for programme in 1951, and the development partnership between the two countries reached a new height so far since. He also recalled the 75th anniversary of the bilateral relations between the two countries last year.

     

  • Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines

    Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines


    The Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) transaction has been halted, according to the official notice of the Nepal Stock Exchange (NEPSE), since the business declared dividends to be given to shareholders without first receiving authorisation from NEPSE.

    At 6:35 PM on Magh 25, after business hours, Nepal Stock Exchange received the letter from VLBS regarding the dividend declaration for the Fiscal Year 2078/79. However, on Magh 10 itself, Vijaya Laghubitta held a meeting to suggest dividends to the shareholders.