Tag: Citizen

  • Finance Companies’ Net Profit Decreased in Q2; Discover the Performance of the Listed Finance Companies

    Finance Companies’ Net Profit Decreased in Q2; Discover the Performance of the Listed Finance Companies


    Finance companies are licensed by the central bank with the goal of providing various banking and financial services to the general public, as the reach of banking and financial services in Nepal remains limited.

    For the year 2022, NEPSE currently has 15 listed finance companies. To assist enthusiasts in the secondary market, an article has been prepared that compiles an analysis of all finance companies’ performance in the second quarter of FY 2079/2080 that can be useful for investment purposes. The industry average includes all 15 finance firms.

     

  • Increased Operating Expenses Caused a 13.89% Drop in National Hydro Power’s Net Profit for Q2; Company to Issue 50% Right Shares Soon

    Increased Operating Expenses Caused a 13.89% Drop in National Hydro Power’s Net Profit for Q2; Company to Issue 50% Right Shares Soon


     

    National Hydro Power Company Limited (NHPC) reported a 13.89% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit decreased to Rs.73.61 Lakhs in this quarter from Rs.85.49 Lakhs in the previous year’s corresponding quarter.

    NHPC has collected a total of Rs. 5.58 crores in revenue as of the end of Q2. On the other hand, the company reports an increase in administrative expenses of 80.30% and interest expenses of 32.42%, both of which have impacted NHPC’s profitability for this quarter.

    Click here for Q2 report

    Particulars (In Rs ‘000) National Hydro Power
    Q2 2079/80 Q2 2078/79 Difference
    Paid Up Capital 1,645,016.94 1,385,911.20 18.70%
    Reserve & Surplus 31,208.52 260,869.69 -88.04%
    Property, Plant & Equipment 1,019,246.10 944,175.30 7.95%
    Advances & Receivables 121,077.76 415,807.48 -70.88%
    Provisions 15,826.10 5,306.75 198.23%
    Revenue 55,893.70 55,513.74 0.68%
    Administrative Expenses 9,373.60 5,198.92 80.30%
    Finance Expenses 8,123.08 6,134.55 32.42%
    Net Profit 7,361.97 8,549.26 -13.89%
    EPS (In Rs.) 0.90 1.23 -27.45%
    Net Worth per Share (In Rs.) 101.90 118.82 -14.24%
    Qtr end PE Ratio (times) 280.43 – –
    Qtr End Market Price 251 – –

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  • From today, Aatmanirbhar Laghubitta will issue 20,338 unit IPO shares to Nepalese working abroad.

    From today, Aatmanirbhar Laghubitta will issue 20,338 unit IPO shares to Nepalese working abroad.


    Aatmanirbhar Laghubitta Bittiya Sanstha will issue 20,338 units of IPO shares to Nepalese citizens working abroad beginning today, 16th Magh, and ending on 1st Falgun, 2079.

    The company’s issued capital is Rs. 6.23 crores, of which 32.625%, or 203,380 unit shares worth Rs. 2.03 crores, have been set aside for the general public. Out of the total 203,380 units, 10%, or 20,388 units, have been set aside for Nepalese citizens working abroad, while 1.5326%, or 3,117 units, have been set aside for company employees, and 5%, or 10,170 units, have been set aside for mutual funds.

     

  • Last day to claim the proposed dividend by Nerude Laghubitta and Shikhar Insurance Company.

    Last day to claim the proposed dividend by Nerude Laghubitta and Shikhar Insurance Company.


    The dividend proposed by Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Shikhar Insurance Company Limited expires today (SICL).

    The 16th Annual General Meeting (AGM) of Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for the 28th of Magh, 2079. The meeting will begin at 11 a.m. in Morang’s Assembly Hall, Biratnagar-2.

     

  • The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.

    The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.


    The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC.

    On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after adjusting 10% bonus shares for fiscal year 2077/78, i.e. Rs. 80,65,75,000. The company’s paid-up capital will rise to Rs. 120.98 crores after the proposed right share is adjusted.

     

  • The Kalinchowk Darshan IPO will be completed on Thursday at 10 a.m.

    The Kalinchowk Darshan IPO will be completed on Thursday at 10 a.m.


     

    Kalinchowk Darshan Limited (KDL) will issue its initial public offering (IPO) on Thursday, March 19, 2079. The allotment program will begin at 10 a.m. on the premises of the issue manager, Nabil Investment Banking Limited.

    From the 3rd to the 6th of March, the company issued 896,400 units of Rs 100 face value shares to the general public in an Initial Public Offering (IPO) worth Rs 8.96 crore. Out of the total 10,80,000 units, 10%, or 108,000 units, were already issued and allotted to Nepalese citizens working abroad, 2%, or 21,600 units, were set aside for company employees, and 5%, or 54,000 units, were set aside for mutual funds.

     

  • The Finance Ministry is developing an action plan for policy priorities and minimum programs.

    The Finance Ministry is developing an action plan for policy priorities and minimum programs.


    The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs.

    The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on.

    The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining professional neutrality while changing the revenue rate and controlling

  • Last Day to Apply for Locals IPO of Molung Hydropower Company; Issue Closing Today

    Last Day to Apply for Locals IPO of Molung Hydropower Company; Issue Closing Today


    Molung Hydropower Company Limited is completing the distribution of 8,02,500 IPO shares to project-affected locals today, on Magh 15, 2079. The issue had begun on the 19th of Poush, 2079.

    The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit shares worth Rs. 8.02 crores, have been allocated to project-affected Okhaldhunga District residents. Meanwhile, 34% of the company’s issued capital, or 27,28,500 unit shares, will be made available to the general public later. This public issue, which closed on March 3rd, allocated 10% of the shares totaling 272,850 units to Nepalese citizens w

    Molung Hydropower Company Limited was incorporated on November 28, 2019, as a public limited company, has a paid-up capital of NPR 449.4 million, 100% promoter held, as of mid-Apr 2022. The company is operating a 7MW Molung Khola HPP in Okhaldhunga district, Province 1 of Nepal since March 2018. The project is a run of the river (R-o-R) type and has been developed at a 40% probability of exceedance (Q40) with a design discharge of 8.15m3/s and a gross head of 108.45m. With a contract PLF of 58%, the annual contract energy production is ~36GWh with a dry energy mix of 16%. The project was commissioned on March 26, 2018, a month prior to its Required COD of April 2018, and is eligible for all five tariff escalation

  • Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.

    Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.


    The Electricity Regulatory Commission has given preliminary approval to Api Power Company Limited (API) to issue 16,533,137 units of right shares.
    On February 2, the board of directors proposed issuing 40% of the paid-up capital in right shares. 
    After adjusting for 7.5% bonus shares, the company’s paid-up capital will be Rs. 4.13 Arba. 
    As a result of the 1:0.40 (40% rights issue), the company’s paid-up capital will be increased to Rs. 5.78 Arba. 
    The company proposed issuing the right shares to pay off the debt of the projects that it is producing.
  • Forward Microfinance Laghubitta Pays 5% Cash Dividend to Shareholders’ Bank Accounts

    Forward Microfinance Laghubitta Pays 5% Cash Dividend to Shareholders’ Bank Accounts


    Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has begun distributing 5% cash dividends to its shareholders’ bank accounts as of today (15th Magh) and has urged them to dematerialize their shares.

    On Poush 30, 2079, the company held its 10th AGM for the fiscal year 2078/79. The board of directors approved a 30% dividend for fiscal year 2078/79. On Poush 04, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 84.44 crores. A 5% cash dividend (including tax) of Rs. 4.22 crores was proposed, along with a 25% bonus dividend of Rs. 21.11 crores. The same cash dividend is now paid out.

  • NIBL Ace Capital Asset Under Management Reaches Rs 4 Billion

    NIBL Ace Capital Asset Under Management Reaches Rs 4 Billion


    NIBL Ace Capital Limited, a leading merchant banking and Inveent banking company, has provided its clients with a variety of financial services over the years. Portfolio Management Service (PMS) is one of these profitable services that has assisted many people in achieving their goals with a well-balanced risk and return.

    In addition to investment banking, NIBL’s Merchant Banking business is structured around three distinct groups of businesses: portfolio management service (PMS), capital advisory, and debt funding, both in Nepal and globally. There are currently more than 1100 satisfied customers associated with the PMS, and the size of Asset Under Management (AUM) has now reached $4 billion.

  • NEPSE Ends the Week Up 0.20% with a Turnover of Rs 13.19 Arba

    NEPSE Ends the Week Up 0.20% with a Turnover of Rs 13.19 Arba


    NEPSE traded only four days this week because to the national holiday on Sunday. This week, the index finished at 2,183.21, up 4.40 points (0.20%). Last week, the index finished at 2,178.81, up 1.37% from the previous week.

    This week, the index reached a high of 2,202.26 and a low of 2,140.18, resulting in 62.08 points of volatility. In the preceding week, the index had 77.78 points of volatility.
    Trend analysis is a type of technical analysis that predicts future movement based on present trend data. The short-term trend on the daily charts is up, while the NEPSE index’s mid-term trends are still down.