Tag: net

  • “Q4 Decline in Net Profits Leads to Decreased EPS for Best Finance (BFC)”

    “Q4 Decline in Net Profits Leads to Decreased EPS for Best Finance (BFC)”


    Best Finance Company Limited (BFC) has released its fourth-quarter report for the fiscal year 2079-80, revealing a significant 76.87 percent decrease in its Net Profits compared to the same period last year. In the last quarter of FY 2079-80, the company’s earnings were only Rs. 3.86 crores, a sharp drop from the Rs. 16.72 crores earned in the corresponding quarter of FY 2078-79.

    While there’s a slight improvement in the Net Interest Income, which is the company’s core revenue, it amounts to Rs. 13.09 crores for the final quarter of FY 2079-80. On the other hand, the company’s Operating Profit has seen a substantial decline of 73.34 percent, reaching a total of Rs. 5.58 crores by the end of FY 2079-80.

     

  • “Himalayan Laghubitta’s Q4 Sees Shrunken Operating Profit and Net Profit Due to Core Business Revenue Decline.”

    “Himalayan Laghubitta’s Q4 Sees Shrunken Operating Profit and Net Profit Due to Core Business Revenue Decline.”


    In the last quarter of fiscal year 2079-80, the company witnessed a significant decline in both Net Operating Profit (core revenue) and Operating Profit, dropping by 24.52 percent and 79.04 percent, respectively. The core revenue shrank by nearly a quarter, reaching Rs. 20.23 crores. Additionally, the company faced Rs. 1.32 crore in impairment charges, impacting its overall profitability negatively.

  • “LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”

    “LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”


     

    Lumbini Bikas Bank Limited (LBBL) has released its fourth-quarter report for the recently ended financial year, showing a slight decrease in net profit by 3.88 percent compared to the same period in the previous year. In Q4 of FY 079-80, the company made a profit of Rs. 61.24 crores.

    The most significant change in the report is the substantial increase in impairment charges for the company during the last quarter of FY 079-80, reaching Rs. 40.31 crores. This is in contrast to the Rs. 3.40 crores impairment charges incurred by the bank during the same quarter of FY 078-079.

     

  • “CZBIL Reports Increased Net Profit, EPS at Rs. 15.59”

    “CZBIL Reports Increased Net Profit, EPS at Rs. 15.59”


     

    Citizens Bank International Limited (CZBIL) has released its fourth-quarter report for the recent financial year, showing a Net Profit of Rs. 2.21 Arba. This represents a growth of 10.41 percent compared to the profits of the same quarter in the previous financial year 2078-79. The company’s core revenue stream, Net Interest Income, has risen by 17.30 percent to reach Rs. 5.85 Arba in the fourth quarter of FY 079-80. Additionally, the Operating profit of the company has increased by 13.42 percent, amounting to Rs. 3.07 Arba.

     

  • “NMB Capital’s Mutual Funds See NAV and Net Profit Rise in Ashad; Dividends Expected for Three Schemes”

    “NMB Capital’s Mutual Funds See NAV and Net Profit Rise in Ashad; Dividends Expected for Three Schemes”


     

    The NMB Saral Bachat Fund – E (NMBSBF) recently released its NAV report. This mutual fund operates as an open-ended fund with no maturity period, allowing the fund manager to increase its size as needed. As of Ashad, the fund size has grown to Rs. 1.24 Arba from Rs. 1.17 Arba in the previous month. The Net Asset Value (NAV) in Ashad is Rs. 9.52, showing an increase from Rs. 9.25 in the previous month. The fund’s investments include Rs. 80.74 crore in listed shares, Rs. 63.58 lakhs in public issues, and Rs. 16.05 crore in fixed deposits. Moreover, the fund has Rs. 14.22 crores in the bank and holds bond/debentures worth Rs. 6.76 crores.

  • “Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”

    “Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”


    Narayani Development Bank Limited (NABBC) has released its fourth-quarter report for the financial year 2079-80, showing a net loss of Rs. 2.91 crores. This marks an improvement compared to the same quarter in the previous financial year (2078-79), where the company had a higher net loss of Rs. 5.42 crores. Notably, the impairment charges have decreased and totaled Rs. 49.83 lakhs up to Q4 of the recently concluded financial year.

  • Shubha Laxmi Kosh NAV Report: Fund Size at Rs. 28.14 Crores, Records Net Loss in Baisakh

    Shubha Laxmi Kosh NAV Report: Fund Size at Rs. 28.14 Crores, Records Net Loss in Baisakh


    The latest NAV report for “Shubha Laxmi Kosh,” an open-ended fund, has been released. As of the month of Baisakh, the fund size stands at Rs. 28.14 crores.

    The NAV for Baisakh is recorded at Rs. 9.26. Shubha Laxmi Kosh has invested Rs. 17.22 crores in listed shares and an amount of Rs. 488,276.89 in public issues, right shares, and bonus shares. Additionally, the fund has allocated Rs. 1.44 crores towards bonds/debentures, while the bank balance stands at Rs. 3.84 crores.

    The fund has reported a net loss of Rs. 2.08 crores in the month of Baisakh, compared to a net loss of Rs. 93.09 lakhs in the previous month. These figures provide an overview of the fund’s performance during the specified period, offering insights into the investments made and the financial outcome.

  • Himalayan Power Partner Limited Reports Net Loss of Rs. 10.43 Crores in Q3 FY 2079/80

    Himalayan Power Partner Limited Reports Net Loss of Rs. 10.43 Crores in Q3 FY 2079/80


    Himalayan Power Partner Limited (HPPL) has released its third-quarter report for the ongoing fiscal year, revealing a Net Loss of Rs. 10.43 crores. In contrast, during the same quarter of the previous fiscal year, the company had recorded earnings of Rs. 1.70 crores.

    HPPL reported a revenue of Rs. 26.33 crores from the sale of electricity up to the third quarter of FY 2079/80. However, the company incurred costs of Rs. 1.81 crores for sales, Rs. 34.10 lakhs for administrative expenses, and Rs. 54.16 lakhs for employee costs.

    One significant factor impacting the company’s profitability is the financial cost, which amounted to a loss of Rs. 24.86 crores during the first three quarters of the current fiscal year.

    HPPL has a paid-up capital of Rs. 1.06 Arba and has retained earnings of Rs. 11.47 crores. The Earnings per Share (EPS) ratio stands at a negative Rs. – 9.79, while the Net Worth per Share is Rs. 110.77.

    At the end of the third quarter of FY 79/80, the closing price of HPPL’s shares was Rs. 297.

    The completion of the Dordi Khola Hydroelectricity project in Lamjung, with a capacity of 27 MW, has contributed to an increase of 1.53% in current assets and a significant rise of 181.33% in current liabilities compared to the corresponding quarter of the previous fiscal year.

    According to the company’s management analysis, following the successful completion of the project, HPPL is exploring potential investments in other projects to further expand its operations.

  • Shiva Shree Hydropower Limited Reports Q3 Net Loss

    Shiva Shree Hydropower Limited Reports Q3 Net Loss


    Shiva Shree Hydropower Limited (SSHL) has released its third-quarter report for the fiscal year 2079/80, revealing a net loss of Rs. 23.79 crores. In comparison, the company had incurred a loss of Rs. 28.90 crores during the corresponding quarter of the previous fiscal year.

    Despite reducing its administrative and other expenses by 46.03% to Rs. 3.36 crores up to the third quarter of the ongoing fiscal year, SSHL has witnessed an increase in financial expenses from Rs. 27.75 crores to Rs. 31.93 crores. This rise in financial expenses has adversely affected the company’s profitability.

    On a positive note, SSHL has achieved a 49.55% increase in revenue generation from the sale of electricity, amounting to Rs. 26.80 crores up to the third quarter of FY 079/80.

    SSHL maintains a paid-up capital of Rs. 1.47 Arba but has a negative reserve and surplus.

    However, the company’s earnings per share (EPS) ratio stands at a negative Rs. -16.12, and its net worth per share is below par at Rs. 59.73.

    According to the company’s management analysis, SSHL has not been able to improve liquidity and balance since the second quarter of FY 2079/80, which has negatively impacted its profitability.

    Furthermore, the company reports that its Upper Chaku A Hydropower Project, with a capacity of 22.2 MW, located in Bhote Koshi rural municipality of Sindhupalchok district, has commenced commercial operation from 2078/02/01.

  • Liberty Energy Company Limited Reports Net Loss in Q3

    Liberty Energy Company Limited Reports Net Loss in Q3


    Liberty Energy Company Limited (LEC) has released its third-quarter report for the fiscal year 2079/80, revealing a net loss of Rs. 7.99 crores. In the corresponding quarter of the previous fiscal year, the company had incurred a loss of Rs. 1.99 crores.

    The financial expense for LEC amounted to Rs. 14.17 crores, which the company attributed to various force majeure events occurring during the construction period. These events have adversely affected the company’s profitability.

    On the positive side, LEC generated revenue of Rs. 13.11 crores from the sale of electricity. Additionally, the company’s administrative and other operating expenses have significantly decreased by 65.23%, reducing to Rs. 57.05 lakhs up to the third quarter of the current fiscal year.

    LEC maintains a paid-up capital of Rs. 1.50 Arba. However, the company’s financial performance is reflected in its negative earnings per share (EPS) ratio of -5.33 and a below-average net worth per share of Rs. 83.03.

    At the end of the third quarter of FY 2079/2080, the closing price of LEC’s shares stood at Rs. 270.

    The Upper Dordi “A” Hydropower Project, owned by LEC and located in Lamjung district, has been in continuous operation during the third quarter. As per the implementation of Nepal Financial Reporting Standards (NFRS), all overhead costs not directly attributable to the project or its construction have been transferred to the profit or loss account, resulting in a negative EPS. The commercial operation of the project began in Mangsir, 2079.

    LEC has also completed the feasibility study and Initial Environmental Examination (IEE) for other projects, namely the Badigad Khola Hydropower Project (24.6 MW) in Baglung and the Lodo Hydropower Project (1.6 MW) in Lamjung. The company has applied for the generation license at the Department of Electricity Development (DOED) for these projects.

    During the 13th Annual General Meeting (AGM) held on Baisakh 25, 2080, under the leadership of Mr. Kush Kumar Joshi, the chairman of the company, LEC’s proposal to issue 50% of right shares worth Rs. 75 crores to existing shareholders was approved.

  • SAHAS Urja Limited Reports Reduced Net Profit in Q3

    SAHAS Urja Limited Reports Reduced Net Profit in Q3


    Sahas Urja Limited (SAHAS) has released its revised third-quarter report for the fiscal year 2079/80. The company’s net profit for this quarter has decreased to Rs. 26.51 crores compared to Rs. 58.13 crores in the same quarter of the previous fiscal year.

    SAHAS has generated revenue of Rs. 21.80 crores from the sale of electricity. However, the company has experienced a significant increase in administrative expenses, reaching Rs. 1.67 crores by the end of the third quarter. Additionally, finance expenses for the company amounted to Rs. 14.71 crores during Q3 of FY 079/80.

    The paid-up capital of SAHAS is Rs. 3.50 Arba, and it has Rs. 2.36 Arba in reserves and accumulated profit. The company’s earnings per share (EPS) ratio is Rs. 10.10, and the net worth per share is Rs. 167.53. The quarter-end price-to-earnings (P/E) ratio for SAHAS is 69.03 times. At the end of the third quarter, the company’s closing stock price was Rs. 518.

    SAHAS has completed the construction and testing of the 83 MW Solukhola (Dudhkoshi) Hydropower project in Solukhumbu. The commercial production of electricity from this project began on 2079/11/17. The company has billed the Nepal Electricity Authority for the electricity sales, and the payments are currently being made by NEA.

    According to the management analysis of SAHAS, the other income mentioned in the financial statement is not real, as it is generated by applying the principles of IFRIC 12: Service Concession Arrangement based on the NFRS system.

  • Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) Reports Net Loss in Third-Quarter Results, Highlighting Financial Challenges

    Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) Reports Net Loss in Third-Quarter Results, Highlighting Financial Challenges


    Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has recently released its third-quarter report, revealing a significant shift from profit to a Net Loss of Rs. 1.21 crores compared to the profit of Rs. 1.02 crores earned in the corresponding quarter of the previous fiscal year.

    The company’s core revenue source, Net Interest income, experienced a decline of 18.26%, amounting to Rs. 3.28 crores up to the third quarter of the ongoing fiscal year. This decrease in Net Interest income has adversely affected the profitability of AVYAN.

    One concerning aspect in the report is the substantial increase in Non-Performing Loans (NPL), which rose to 4.61% in the third quarter of FY 2079/80, compared to only 0.45% in the corresponding quarter of FY 2078/79. This rise in NPL has further impacted the company’s profitability.

    Another notable change is the doubling of the Cost of Funds, which reached 13.90% in Q3 of the ongoing fiscal year. This increase has added to the financial challenges faced by AVYAN.

    The staff expenses of the financial institution have witnessed a sharp spike of 94.13%, amounting to Rs. 5.31 crores up to the third quarter, in contrast to Rs. 2.73 crores in the corresponding quarter of the previous fiscal year. This surge in staff expenses has added to the financial burden of the company.

    AVYAN currently maintains a paid-up capital of Rs. 25 crores, with reserve and surplus funds amounting to Rs. 2.19 crores. However, the company reports a negative Earnings per Share (EPS) ratio of Rs. -6.50 and a Net Worth of Rs. 108.79.

    The closing price of AVYAN’s shares at the end of the third quarter of the ongoing fiscal year stood at Rs. 619.9. The third-quarter report highlights the challenges faced by AVYAN, with a significant shift from profit to a net loss and various financial indicators pointing towards a decline in performance.