Tag: even

  • Higher Impairment Charges Caused a 67.92% Drop in Kalika Laghubitta’s Net Profit

    Higher Impairment Charges Caused a 67.92% Drop in Kalika Laghubitta’s Net Profit


    Kalika Laghubitta Bittiya Sanstha (KMCDB) released its second-quarter report for FY 2079/2080, which showed a 67.92% decrease in net profit. According to the company’s report, net profit fell to Rs. 2.69 crores from Rs. 8.40 crores in the previous year’s corresponding quarter.

    The decrease in growth profit is primarily due to impairment charges totaling Rs. 1.66 crores. Net interest income (core revenue) has also decreased by 9.23% to Rs. 13.7 crores from Rs. 15.16 crores in the same quarter last year.

     

  • Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;

    Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;


    Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has called its 11th AGM on 29th Falgun, 2079. The meeting will be held in Bougainvilla Events, Tripureshwor-11, Kathmandu, starting from 11 AM that day.

    Among the other agendas, the AGM will endorse an 11.58% dividend for the fiscal year 2078/79. The board of directors meeting decided to distribute the dividend on the paid-up capital of Rs. 28.81 Crores11% bonus shares and 0.58% cash dividend (for tax purposes) have been proposed by the company. Thus, the bonus shares are worth slightly over Rs. 3.16 crores and the cash dividend is worth slightly over Rs. 16.68 lakhs. The meeting will also elect an independent director and convert the promoter to public shareholding ratio from 60: 40 to 51:49.

     

  • Sikles Hydropower Reports Q2 Sales Revenue of Rs 19.33 Crores

    Sikles Hydropower Reports Q2 Sales Revenue of Rs 19.33 Crores


     

    Sikles Hydropower Limited (SIKLES) has posted a net profit of Rs. 6.27 Crores in the second quarter (Q2) of the current FY 2079/80.

    The company reported a total income from power sales amounting to Rs. 19.33 crores in this quarter, and income from other sources amounting to Rs 5.26 Lakhs for the second quarter (Q2) for the Fiscal Year 2079/2080.

     

  • A decrease in revenue and an increase in expenses resulted in a 36.41%

    A decrease in revenue and an increase in expenses resulted in a 36.41%


     

    Himalayan Distillery Limited (HDL) has reported its second-quarter report with a decline in net profit by 36.41%. The net profit decreased to Rs. 29.42 Crores in this quarter from Rs. 46.27 Crores in the corresponding quarter of the previous year.

    In this quarter, HDL reported a decline in sales revenue by 18.00%. The revenue decreased to Rs. 2.76 Arba compared to the corresponding quarter of the previous year. On the other hand, the other income of the company has increased by 473.32% coming up to Rs. 61.46 Lakhs.

     

  • Rastriya Beema Company’s Profit Increased by 92.57% in Q2

    Rastriya Beema Company’s Profit Increased by 92.57% in Q2


    The earnings of Rastriya Beema Company Limited (RBCL) climbed by an astonishing 92.57% in the second quarter of fiscal year 2079/80 compared to the same period the previous year.

    According to the financial report released today, it made a net profit of Rs 37.41 crore in the second quarter of fiscal year 2079/80, up from Rs 19.43 crore in the same period of fiscal year 2078/79.

    While its net premium income climbed by 64.60% from Rs 12.88 Crore to Rs 21.21 Crore at the end of the second quarter of this year, its reinsurance commission revenue declined to Rs 9.4 Crore from Rs 9.9 Crore.

    It presently has Rs 3.57 Arba in reserve and Rs 2.85 Arba in insurance funds. It has a paid-up capital of Rs.26.66 Crore.

    Its earnings per share are Rs 280.67, its net worth per share is Rs 1439.77, and its P/E ratio at the end of the quarter is 14.25 times.

  • 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.

     

  • Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit

    Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit


    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.

  • The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.

    The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.


    Ankhukhola Hydropower Company Limited (AKJCL) has released its Q2 financial report for fiscal year 2079/80, which shows a 29.43% decrease in net profit to Rs. 2.66 crores. During the previous fiscal year’s same quarter, the firm generated a net profit of Rs.3.77 crores.

    Total revenue during the second quarter was down 10.43% to Rs. 12.23 crores as compared to total revenue through the second quarter of FY 2078/079.

    On 8th Bhadra 2070, Ankhu Khola-1 (8.4 MW) was linked to the National Grid. The firm would receive a grant of Rs. 4.62 crore from the Nepal Government for its installed capacity of 8.4 MW. This money has not been included in revenue since it has not yet been received from the Nepal Government.

    Administrative and general expenditures climbed by 30.95% in the second quarter, while finance expenses reduced by 10.67% to Rs. 5.30 Crores.

    The company’s current paid-up capital is Rs.80 crore, with a negative reserve fund of Rs.21.20 crore. With this capital, the capital declared an EPS of Rs. 6.66 and a net value per share of Rs.73.50.

  • 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