Tag: Mountain

  • Mountain Energy Nepal Announces 10th AGM, Proposes 15.7895% Dividend for FY 2079/80

    Mountain Energy Nepal Announces 10th AGM, Proposes 15.7895% Dividend for FY 2079/80


    Mountain Energy Nepal Limited (MEN) has scheduled its 10th Annual General Meeting (AGM) for the 13th of Chaitra, 2080. The meeting is set to take place at Amrapali Banquet Catering & Events in Bhatbhateni, Kathmandu, starting at 10:30 AM on the specified date. Among the key agendas to be discussed during the AGM is the endorsement of a 15.7895% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the 106th board of directors meeting held on Poush 22. The proposed dividend includes 15% bonus shares and 0.7895% cash dividends (for tax purposes).

    In addition to the dividend-related discussions, the AGM will cover other essential topics such as the endorsement of the auditor’s report, which includes Profit and Loss (PL) statements, financial reports, and cash flow reports. Moreover, there will be an agenda to appoint an auditor for the fiscal year 2080/81.

    For shareholders aiming to benefit from the dividend payout, the book closure date is set for Falgun 30. Those who hold shares before this date are eligible for the dividend and can also participate in the AGM.

  • 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.

  • Mountain Energy Nepal (MEN) Lock-in

    Mountain Energy Nepal (MEN) Lock-in


    MEN ko lock-in sakkepaxi ni kina sell garna milexaina? Kei process garna parxa ra kholna lai?

    View on r/NepalStock by niko74

  • 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.