Tag: Investing

  • Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit

    Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit


    Reliable Nepal Life Insurance Limited (RNLI) has recently announced a noteworthy 4.97% increase in its net profit, reaching Rs. 23.09 crore in the current quarter, as opposed to Rs. 22 crore in the corresponding quarter of the previous year. The company, with a paid-up capital of Rs. 4 Arba and a share premium of Rs. 1.75 Arba, has demonstrated financial stability, boasting Rs. 1.23 Arba in retained earnings, Rs. 5.56 Crores in other equity, and Rs. 14.37 Crores in catastrophe reserves. Additionally, RNLI maintains a life insurance fund of Rs. 8.54 Arba.

    Operationally, RNLI has shown resilience with a 1.74% increase in net premiums, totaling Rs. 1.75 Arba in Q2 FY 2080/81 compared to the previous year. The company’s financial acumen is highlighted by its ability to generate Rs. 63.90 Crores from income derived from investments, loans, and other financial activities. However, it’s important to note that there was a 21.85% increase in net claims during the quarter, amounting to Rs. 1.63 Arba.

    Key financial indicators underscore RNLI’s strong performance, with an annualized earnings per share (EPS) of Rs. 11.55, net worth per share of Rs. 179.71, and a P/E ratio of 49.01 times. It’s crucial to acknowledge that final profit in the life insurance sector may vary based on actuarial valuation, in line with industry practices.

    The provided figures indicate a positive trend for RNLI, showcasing its robust financial position, operational efficiency, and strategic investments. The company’s commitment to maintaining reserves and prudent financial management contributes to its overall stability and growth in the competitive insurance sector.

  • SuryaJyoti Life Insurance Shines with 62.93% Net Profit Surge in Q2; EPS Reaches Rs. 10.41

    SuryaJyoti Life Insurance Shines with 62.93% Net Profit Surge in Q2; EPS Reaches Rs. 10.41


     

    SuryaJyoti Life Insurance Company Limited (SJLIC) has revealed impressive second-quarter results for the fiscal year 2080/2081, displaying a significant 62.93% increase in net profit. The net profit surged to Rs. 23.66 crores, marking a notable rise from Rs. 14.52 crores in the same quarter last year.

    Examining SJLIC’s financial standing, the company boasts a paid-up capital of Rs. 4.54 Arba and a share premium of Rs. 3.72 Crores. Additionally, it holds Rs. 1.4 Arba in retained earnings, Rs. 1.18 Arba in other equity, and Rs. 33.13 crores in catastrophe reserves.

     

  • Siddhartha Premier Insurance Proposes 11% Cash Dividend for FY 2079/80

    Siddhartha Premier Insurance Proposes 11% Cash Dividend for FY 2079/80


    Siddhartha Premier Insurance Limited (SPIL) has proposed an 11% cash dividend totaling Rs. 30.87 Crores for the fiscal year 2079/80.

    In a decision made during the 19th board of directors meeting on Magh 21, SPIL announced the distribution of an 11% cash dividend, inclusive of tax, amounting to Rs. 30.87 crores. The company’s current paid-up capital stands at Rs. 2.80 Arba.

    However, the approval of the cash dividend is pending, awaiting the nod from the Nepal Insurance Authority and the upcoming Annual General Meeting (AGM).

     

  • NMB Laghubitta (NMBMF) Records Significant Q2 2080/81 Net Loss with 58.91% Increase in NPL

    NMB Laghubitta (NMBMF) Records Significant Q2 2080/81 Net Loss with 58.91% Increase in NPL


    NMB Laghubitta Bittiya Sanstha Limited (NMBMF) recently revealed its second-quarter financial report for the fiscal year 2080/81, showing a noticeable decline in net profitability. The company reported a significant net loss of Rs. 6.75 Crore, a sharp contrast to the Rs. 13.53 lakhs recorded in the same quarter of the previous year.

    The financial figures present a nuanced picture, with borrowings experiencing a 5.57% decrease, settling at Rs. 2.53 Arba compared to the Rs. 2.68 Arba in the immediate previous fiscal year. Meanwhile, the company’s deposits remained steady at Rs. 1.41 Arba, and loans and advances saw a 2.78% reduction, reaching Rs. 4.73 Arba in the current reporting quarter.

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  • Dordi Khola Hydropower Taps Sanima Capital as Issue Manager for 1:1 Rights Offering

    Dordi Khola Hydropower Taps Sanima Capital as Issue Manager for 1:1 Rights Offering


    Dordi Khola Hydropower Company Limited (DORDI) has selected Sanima Capital Limited as the exclusive issue manager for its upcoming 1:1 ratio rights issue, according to an announcement from the Nepal Stock Exchange (NEPSE).

    In the upcoming rights issue, the hydropower company plans to issue 10,542,604 (1:1) units of right shares, equal to 100% of its existing shares, to its current shareholders. Currently, the company’s paid-up capital stands at Rs. 1.05 Arba, and the proposed right share issuance aims to significantly boost the financial structure, bringing the paid-up capital to Rs. 2.11 Arba after the adjustment of 1.05 crores units.

     

  • Nepal Investment Mega Bank to Issue Rs. 4.40 Arba “10% NIMB Debenture 2090” from 1st Falgun

    Nepal Investment Mega Bank to Issue Rs. 4.40 Arba “10% NIMB Debenture 2090” from 1st Falgun


    Nepal Investment Mega Bank Limited (NIMB) has released an offer letter announcing the issuance of 40,40,000 units of “10% NIMB Debenture 2090” to the general public. This debenture comes with a 10-year maturity period and a 10% coupon rate, and the application period is set from 1st Falgun to 4th Falgun, 2080. In case of undersubscription, the deadline may be extended to Falgun 15, 2080.

    The units, valued at Rs. 1000 each, will amount to a total of 40.40 lakh units. Of these, 60%, equivalent to 24.24 lakh units, will be subscribed through private placement. The remaining 16.16 lakh units, valued at Rs. 1.61 Arba, will be available for public issuance. Additionally, 5%, or 80.80 thousand units, will be allocated for mutual funds. The total fund raised from this issuance is anticipated to be Rs. 4.40 Arba.

     

  • NEPSE Up by 14.57 Points, Intraday Turnover Drops; Other Indices Gain 4.68%

    NEPSE Up by 14.57 Points, Intraday Turnover Drops; Other Indices Gain 4.68%


    The NEPSE Index experienced a positive movement, gaining 14.57 points or 0.70% from the previous day, closing at 2,076.27 points. In contrast, the day before had witnessed a decline of 5.31 points.

    The market kicked off today with the index opening at 2,063.93. Throughout the day, it fluctuated, hitting a low of 2,060.55 and reaching a peak at 2,084.80.

     

     

  • Last Day to Secure Dividend from United Ajod Insurance and Right from Ridi Power

    Last Day to Secure Dividend from United Ajod Insurance and Right from Ridi Power


    Today marks the final opportunity to secure the 10.8013% dividend offered by United Ajod Insurance Limited (UAIL).

    The company has scheduled its 30th Annual General Meeting (AGM) for the 6th of Falgun, 2080. The AGM will take place at Anmol Banquet in Shankhamul, Kathmandu, starting at 11:00 AM.

    In a board meeting held on Magh 04, the directors decided to distribute a 10.8013% dividend for the fiscal year 2079/80. This dividend comprises 10.2612% in bonus shares and 0.5401% in cash dividend (for tax purposes). Currently, the company’s paid-up capital stands at Rs. 1.90 Arba.

     

  • Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs

    Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs


     

    Asian Life Insurance Company Limited (ALICL) has decided to issue 42% right shares after adjustments, as confirmed in their Board of Directors meeting on Friday, Magh 19. This adjustment takes into account the allocation of 7.75% bonus shares from the current paid-up capital of Rs. 3.15 Arba. With the inclusion of bonus shares, the enhanced paid-up capital will amount to Rs. 3.39 Crores.

    In the 188th board meeting on Magh 12, ALICL’s directors proposed the distribution of 7.75% bonus shares valued at Rs. 24.45 crores. Additionally, a 0.4078% cash dividend, intended for tax purposes, will be disbursed, totaling slightly over Rs. 1.28 crores.

     

  • Gold Falls by Rs. 600/Tola, Silver Drops Rs. 20/Tola in Nepal

    Gold Falls by Rs. 600/Tola, Silver Drops Rs. 20/Tola in Nepal


    The price of fine gold has dropped by Rs. 600 per tola, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Currently, fine gold is traded at Rs. 1,18,900 per tola, down from the Saturday closing price of Rs. 1,19,500 per tola.

    Similarly, Tejabi gold is available at Rs. 1,18,350 per tola today, reflecting a decrease of Rs. 600 compared to the Saturday closing price of Rs. 1,18,950 per tola.

     

  • Suryodaya Womi Laghubitta (SWMF) Proposes 14.07% Bonus Shares for FY 2079/80

    Suryodaya Womi Laghubitta (SWMF) Proposes 14.07% Bonus Shares for FY 2079/80


    Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has suggested a 14.077% bonus share distribution for the fiscal year 2079/80.

    In their 216th board meeting on Magh 19, the directors decided to allocate the dividend on the paid-up capital of Rs. 91,07,82,508.50. The entire dividend amount is proposed to be given in the form of bonus shares, making the total value of these shares Rs. 12,82,10,853.72.

     

  • Mandu Hydropower: Lock-in Period for 22,935 Mutual Fund Shares Ending on 23rd

    Mandu Hydropower: Lock-in Period for 22,935 Mutual Fund Shares Ending on 23rd


    Mandu Hydropower Limited (MANDU) has notified investors and stakeholders about the conclusion of the lock-in period for 22,935 unit shares held by Mutual Funds. This decision aligns with the Securities Board of Nepal’s (SEBON) directives, with the lock-in period set to expire on Falgun 23, 2080.

    Out of the total 13,636,370 units of shares listed on the Nepal Stock Exchange (NEPSE) by MANDU, 5 percent, equivalent to 72,133 unit shares, were specifically allocated for Mutual Funds. However, only 22,935 units were subjected to the lock-in period according to SEBON’s directives issued on Kartik 25. The recent notice informs investors and stakeholders that the lock-in period for these 22,935 unit shares has concluded as of Falgun 23.