Tag: Buffett

  • Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash

    Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash


    Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is set to reward its stakeholders with a proposed dividend of 7.3684%, amounting to Rs. 4.62 crores for the fiscal year 2079/80. The decision was made during the 263rd board meeting on Magh 15, where the directors recommended a distribution on the paid-up capital of Rs. 62.72 Crores. The proposed dividend includes a 7% bonus in shares, equivalent to Rs. 4.39 crores, and a 0.3684% cash dividend, specifically for tax purposes, totaling Rs. 23.10 lakhs. However, the disbursement is contingent upon approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). This dividend proposal reflects SLBBL’s commitment to providing value to its shareholders while maintaining regulatory compliance in the financial sector.

     

  • Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda

    Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda


    Rangoon Khola Hydropower Limited is set to convene its inaugural Annual General Meeting (AGM) on the 9th of Falgun, 2080. The meeting, scheduled to commence at 11:00 AM at the Company’s Register Office in Sukedhara, Kathmandu, holds significant importance as it addresses crucial agenda items. Among them, the AGM will focus on the endorsement of the company’s annual report, including key financial aspects such as profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Additionally, the shareholders will deliberate on the appointment of auditors and determine their remuneration, shaping the financial oversight and transparency of Rangoon Khola Hydropower Limited in the upcoming fiscal year. This AGM serves as a pivotal moment for stakeholders to contribute to the strategic decisions and financial governance of the hydropower company.

     

  • USHEC Achieves 47.90% Q2 Net Profit Surge and Robust Revenue Growth

    USHEC Achieves 47.90% Q2 Net Profit Surge and Robust Revenue Growth


    Upper Solu Hydro Electric Company Limited (USHEC) has reported a remarkable surge in net profit, demonstrating a substantial 47.90% increase during the second quarter (Q2) of the fiscal year 2080/81. The company’s profits escalated from Rs. 5.67 crores in the corresponding quarter of the previous year to an impressive Rs. 8.39 crores in the current quarter. This outstanding financial performance is attributed to the notable growth in revenue from power sales, reaching Rs. 42.88 crores for the quarter, marking a 4.94% uptick compared to the same period in the preceding year. The surge in profits underscores the company’s effective management and robust position in the hydroelectric sector, positioning USHEC as a key player in the industry’s growth and sustainability.

     

  • Citizens Capital Mutual Funds Report Growth: NAV and Net Profit on the Rise

    Citizens Capital Mutual Funds Report Growth: NAV and Net Profit on the Rise


     

    Citizens Super 30 Mutual Fund (C30MF) unveils its latest Net Asset Value (NAV) report for the month of Poush, showcasing a notable increase from Rs. 10.40 to Rs. 10.77. As a closed-end fund with a maturity period of 10 years, C30MF boasts a substantial fund size of Rs. 75.07 Crores. The fund strategically allocates its assets with Rs. 37.61 Crore invested in listed shares, demonstrating a diversified investment approach. Notably, C30MF also allocates Rs. 7 Crore in fixed return assets, Rs. 2.29 Crore in debentures, and holds a significant bank balance of Rs. 32.90 Crore. This report underscores the fund’s prudent investment strategy and steady growth, making it an appealing option for investors seeking a balanced and long-term investment opportunity.

  • HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61

    HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61


     

    Hydroelectricity Investment and Development Company Limited (HIDCL) reveals a robust financial performance in its recently released unaudited quarterly report for the second quarter of fiscal year 2080/81. Demonstrating an impressive 11.47% increase in net profit, the company achieved a milestone of Rs. 75.27 Crore compared to the previous year’s Rs. 67.52 Crore. With a solid foundation, HIDCL boasts a paid-up capital of Rs. 22.77 Arba and a substantial reserve and surplus of Rs. 1.89 Arba. The company’s strategic investment in equity, amounting to Rs. 3.23 Arba, resulted in a noteworthy revenue of Rs. 1.23 Crores during the same period. Additionally, HIDCL’s finance income of Rs. 1.07 Arba further accentuates its financial prowess, making it a promising entity in the realm of hydroelectric investment and development.

     

  • NEPSE Closes Above 2100 Levels; HRL Records Highest Turnover

    NEPSE Closes Above 2100 Levels; HRL Records Highest Turnover


     

    Experience the thrill of Nepal’s stock market as the Nepal Stock Exchange (NEPSE) Index showcases a remarkable gain of 10.26 points, equivalent to 0.48%, settling at an impressive 2,104.72 points, surpassing the previous day’s closing. Reflecting a resilient market, the day commenced with an opening index of 2,097.48, navigating through an intraday low of 2,097.23 before soaring to an intraday high of 2,114.79. This dynamic performance underscores the vibrancy and potential for investors seeking opportunities in the ever-evolving landscape of NEPSE.

     

  • Swet-Ganga Hydropower: 38.51M Shares Set for Trading as Lock-in Period Nears End on 2nd Falgun

    Swet-Ganga Hydropower: 38.51M Shares Set for Trading as Lock-in Period Nears End on 2nd Falgun


    Swet-Ganga Hydropower & Construction Limited (SGHC) brings forth an exciting opportunity for investors as the lock-in period for Dolma Impact-1 (Foreign Investor) shares concludes on Falgun 2, 2080, in compliance with the Securities Board of Nepal (SEBON) guidelines. As a listed entity on the Nepal Stock Exchange (NEPSE) with a total of 15,930,000 units of shares, SGHC underscores the significance of this milestone, revealing that Dolma Impact-1’s 38,51,000 units of previously restricted shares are now open for trading. This development not only marks a pivotal moment for SGHC but also presents a potential avenue for investors to explore and capitalize on the liberated shares in the dynamic landscape of Nepal’s stock market.

     

  • Ridi Power Company Limited (RIDI) Announces Book Closure Date for 50% Right Shares, Valued at Rs. 77.44 Crores

    Ridi Power Company Limited (RIDI) Announces Book Closure Date for 50% Right Shares, Valued at Rs. 77.44 Crores


    Ridi Power Company Limited (RIDI) has disclosed the book closure date for its upcoming 50% right shares, set for the 22nd of Magh, 2080. Shareholders holding shares until Magh 21 will be eligible for the rights offering.

    The company is set to issue 50% right shares valued at Rs. 77.44 Crores, involving the issuance of 7,744,506 (1:0.50) units of right shares to its existing shareholders. With the current paid-up capital standing at Rs. 1.54 Arba, the proposed right share, totaling 77.44 lakhs units, will elevate the company’s paid-up capital to Rs. 2.32 Arba.

    Muktinath Capital Limited has been appointed as the issue manager for this process, overseeing the administration and execution of the right share issuance.

    As of the latest information, RIDI is currently trading at an Last Traded Price (LTP) of Rs. 292.00.

  • IME Life Insurance (ILI) Achieves Remarkable 96.14% Surge in Q2 Net Profit

    IME Life Insurance (ILI) Achieves Remarkable 96.14% Surge in Q2 Net Profit


    IME Life Insurance Company Limited (ILI) has reported impressive financial results for the second quarter of the fiscal year 2080/2081, showcasing a significant 96.14% surge in net profit. The net profit rose from Rs. 11.96 crores to Rs. 23.47 crores compared to the same quarter last year.

    ILI’s financial overview reveals a strong foundation with a paid-up capital of Rs. 4 Arba and a share premium of Rs. 1.53 Arba. The company also holds substantial amounts in retained earnings (Rs. 85.02 crores), other equity (Rs. 55.36 crores), and catastrophe reserves (Rs. 15.35 crores).

    In terms of operational performance, IME Life demonstrated an 11.20% increase in net premiums, reaching Rs. 1.99 Arba in the second quarter of FY 2080/81 compared to the previous year. The company showcased financial acumen by generating Rs. 63.92 crores from income derived from investments, loans, and other financial activities. However, the quarter also witnessed a 21.88% increase in net claims, reaching Rs. 1.87 Arba.

    Key financial indicators underscore the company’s robust performance, including an annualized earnings per share (EPS) of Rs. 11.74, net worth per share of Rs. 177.27, and a price-to-earnings (P/E) ratio of 47.29 times, indicating a positive outlook for investors. The Q2 report provides a comprehensive overview of ILI’s financial health and operational highlights.

  • Citizen Life Insurance (CLI) Posts 2.73% Increase in Q2 Net Profit, Revealing Robust Financial Performance

    Citizen Life Insurance (CLI) Posts 2.73% Increase in Q2 Net Profit, Revealing Robust Financial Performance


    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 robust structure, featuring a paid-up capital of Rs. 3.75 Arba and a share premium of Rs. 1.55 Arba. Additionally, the company holds significant amounts in retained earnings (Rs. 68.95 crore), other equity (Rs. 65.12 crore), and catastrophe reserves (Rs. 14.96 crore).

    During the second quarter of FY 2080/81, Citizen Life experienced a notable 4.23% increase in net premium, reaching Rs. 2.57 Arba compared to the previous year. The company generated Rs. 74.08 crores from income derived from investments, loans, and other financial activities. However, there was an 18.21% increase in net claims, reaching Rs. 2.6 Arba in the same quarter of the fiscal year 2080/2081.

    Key financial indicators for CLI include an annualized earnings per share (EPS) of Rs. 6.60 and a net worth per share of Rs. 181.13. Notably, the company’s stock traded at a price-to-earnings (P/E) multiple of 71.72 times, indicating investor confidence in its performance.

  • Three Star Hydropower Limited (TSHL) Announces Conclusion of Lock-In Period for Mutual Fund Shares as per SEBON Directives

    Three Star Hydropower Limited (TSHL) Announces Conclusion of Lock-In Period for Mutual Fund Shares as per SEBON Directives


    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, has officially expired as of Poush 18, 2080.

    TSHL, with a total of 4,925,000 units of shares listed on the Nepal Stock Exchange (NEPSE), had allocated 5 percent of this, equivalent to 7,38,750 units, exclusively for Mutual Funds. Within this allocation, 36,938 units of shares were specifically subjected to the lock-in period in accordance with SEBON’s directives issued on Kartik 20. Investors and stakeholders are now formally informed that the lock-in period for these 36,938 unit shares has concluded as of the 18th of Poush.

  • Mountain Energy Nepal Limited (MEN) Records Marginal 1.63% Dip in Q2 Net Profit, Power Sales Revenue Slightly Decreases by 1.18%

    Mountain Energy Nepal Limited (MEN) Records Marginal 1.63% Dip in Q2 Net Profit, Power Sales Revenue Slightly Decreases by 1.18%


    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 from power sales during this quarter totaled Rs. 73.52 crores, reflecting a modest decrease of 1.18% compared to the corresponding quarter in the previous year. MEN’s power sales revenue is predominantly generated by two projects, namely the Tadi Khola Project (5 MW) and the Mistri Khola Project (42 MW). Notably, the Tadi Khola Project invoiced Rs. 86,606,726, and the Mistri Khola Project invoiced Rs. 657,610,049 to the Nepal Electricity Authority during this period, following the terms outlined in the Power Purchase Agreement (PPA).

    Key financial highlights for MEN include retained earnings at Rs. 1.52 Arba and share capital standing at Rs. 1.96 Arba. The annualized earnings per share (EPS) is reported at Rs. 35.58, and the net worth per share stands at Rs. 177.32.

    The provided table summarizes various financial indicators for MEN in the second quarters of 2080/81 and 2079/80. Noteworthy figures include administrative expenses showing a decrease of 8.71%, finance expenses decreasing by 8.78%, and a net worth per share increase of 11.69%. The quarter-end price-to-earnings (PE) ratio is reported at 18.41 times, and the quarter-end market price stood at Rs. 655.