Tag: o

  • 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.

  • Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results

    Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results


    Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has recently distributed 20% bonus shares directly to the DEMAT accounts of its shareholders. The company encouraged its shareholders to dematerialize their shares in order to receive the bonus shares smoothly.

    During the 6th Annual General Meeting held on the 11th of Chaitra, the shareholders of SMFBS approved a dividend of 21.0526% amounting to Rs. 2.56 Crores for the fiscal year 2078/79. In a subsequent board of directors meeting on Magh 11, it was decided to distribute the dividend on the paid-up capital of Rs. 12.17 Crores. The proposed distribution plan included 20% bonus shares and 1.0526% cash dividend (for tax purposes).

    Following these decisions, the bonus shares have now been deposited directly to the DEMAT accounts of the shareholders. This simplifies the process for shareholders to receive and manage their bonus shares electronically, without the need for physical share certificates.

    By distributing the bonus shares to DEMAT accounts, SMFBS aims to facilitate a more efficient and secure method of shareholding for its investors. It encourages shareholders to embrace the dematerialization process and enjoy the benefits of holding their shares in electronic form.

    Overall, the distribution of 20% bonus shares to the DEMAT accounts of shareholders reflects SMFBS’s commitment to rewarding its investors and promoting the modernization of shareholding practices. It provides shareholders with the opportunity to conveniently manage their bonus shares and participate in the company’s growth and future prospects.

  • Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday

    Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday


    On Thursday, the price of gold experienced a decrease of Rs. 300, according to the Federation of Nepal Gold and Silver Dealers’ Association. Fine gold is currently being traded at Rs. 1,09,700, marking a decrease from its previous price.

    Similarly, tejabi gold is now priced at Rs. 1,09,200 per tola on Thursday, down from Rs. 1,09,500 per tola on Wednesday.

    In contrast, the price of silver has remained unchanged at Rs. 1,370 per tola for both Wednesday and Thursday.

    Comparing Tuesday’s prices, the price of gold has seen a decline of Rs. 1400 per tola. The drop was particularly significant on Wednesday when the price plummeted by Rs. 1100 per tola.

    Overall, the price of gold, represented by the yellow bullion, has experienced a downward trend with a decrease of Rs. 300 on Thursday. This follows a recent decline in prices, reflecting fluctuations in the precious metals market.

  • NEPSE Index Gains 32.30 Points, Closes at 1,877.32 with 1.75% Increase

    NEPSE Index Gains 32.30 Points, Closes at 1,877.32 with 1.75% Increase


    The Nepal Stock Exchange (NEPSE) index concluded the trading day at 1,877.32, displaying a gain of 32.30 points compared to the previous closing, representing a growth of 1.75%. Yesterday, the index had increased by 23.39 points.

    The trading day commenced with an opening value of 1,846.69. Throughout the day, the index fluctuated, reaching a low of 1,844.50 and a high of 1,883.20. Eventually, it settled at 1,877.32 at the close of trading.

    During the day, a total of 264 scrips were traded through 32,579 transactions. The overall shares exchanged amounted to 4,422,186, with a total turnover value of Rs. 1.47 Arba. This turnover figure surpassed the previous trading day’s turnover of Rs. 85.76 Crores.

    Nepal Doorsanchar Company Limited (NTC) recorded the highest turnover of Rs. 8.63 crores, concluding the trading session at a market price of Rs. 779.20 per share. The shares of SHIVM were the most actively traded during the day.

    Two scrips experienced the highest gain of 10% each, triggering the positive circuit limit for the day. Conversely, NIBL Growth Fund (NIBLGF) suffered the highest decline of 3.14% during the trading session.

    All sector indices closed in the green zone, with the “Hotels and Tourism” sector displaying the highest growth of 3.75%. On the other hand, the “Others” sector recorded the least growth of 0.90% on the trading day.

  • Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE

    Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE


    Sanima Reliance Life Insurance Limited (SRLI) has recently listed 41,840,000 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Reliance Life Insurance Limited (RLI) and Sanima Life Insurance Company Limited (SLI).

    The merger agreement between SLI and RLI was signed on 29th Ashad, 2079. Under the terms of the merger, the swap ratio was set at 1:1. Prior to the merger, SLI had a total of 20,840,000 listed shares, while RLI had 21,000,000 listed shares, resulting in a combined total of 41,840,000 unit shares after the merger.

    After the merger, SLI and RLI began operating jointly under the name Sanima Reliance Life Insurance Limited (SRLI) starting from Chaitra 09, 2079. Consequently, the listed shares of SRLI will be traded on the NEPSE under the symbol “SRLI.”

    For the initial transactions, the open price range for SRLI shares has been set at Rs. 391.88. This range represents the price at which the first trades of SRLI shares will take place on the NEPSE. It is important to note that the actual traded prices may vary based on market conditions and investor demand.

    The listing of 41,840,000 shares of Sanima Reliance Life Insurance Limited on the NEPSE marks a significant milestone in the merger between SLI and RLI. It signifies the consolidation of their operations and the creation of a unified entity that will provide insurance services under the SRLI brand. Investors and shareholders can now actively participate in trading SRLI shares, leveraging the opportunities and potential offered by the merged company in the insurance sector.

  • NEPSE Index Gains 1.28% as SHIVAM CEMENTS LTD Tops Trading, Aatmanirbhar Laghubitta Bittiya Sanstha Limited Hits Positive Circuit

    NEPSE Index Gains 1.28% as SHIVAM CEMENTS LTD Tops Trading, Aatmanirbhar Laghubitta Bittiya Sanstha Limited Hits Positive Circuit


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,845.01, showing a gain of 23.39 points compared to the previous closing, representing a 1.28% increase. The index had also experienced a gain of 3.29 points in the preceding trading session.

    Starting the day at 1,821.54, the index reached an intraday low of 1,821.02 but surged to a high of 1,846.72 before settling at 1,845.01 at the closing bell.

    During the trading day, a total of 266 stocks were traded through 25,634 transactions. The trading volume amounted to 2,577,210 shares, with a turnover of Rs. 85.76 Crores. This marked an increase in turnover compared to the previous trading day’s turnover of Rs. 64.01 Crores.

    Among the traded stocks, SHIVAM CEMENTS LTD (SHIVM) recorded the highest turnover of Rs. 5.46 crores, closing at a market price of Rs. 403.50 per share.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain of 9.99% and reached the positive circuit for the day.

    In contrast, Mai Khola Hydropower Limited (MKHL) suffered the highest decline of 7.93% during today’s trading.

    All sector indices concluded the day in positive territory, with the “Others” sector witnessing the highest gain of 2.37%, while the “Mutual Fund” sector registered the smallest gain of 0.04%.

  • Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively

    Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively


    Today, the price of fine gold in Nepal has experienced a decline of Rs. 1100 per tola, while tejabi gold has fallen by Rs. 1050 from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 111,100 per tola. Tejabi gold, on the other hand, is being traded at Rs. 109,500 today, in contrast to yesterday’s rate of Rs. 110,550 per tola.

    Additionally, silver has also witnessed a decrease in price, with a drop of Rs. 5 per tola. The current trading rate for silver in the local market is Rs. 1,370 per tola, compared to yesterday’s closing rate of Rs. 1,365 per tola.

    In the international market, the current price of gold stands at $1,989.70 per ounce, while silver is trading at $23.75 per ounce.

  • Infinity Laghubitta Bittiya Sanstha Limited Reports Decreased Net Profit in Q3, with Decline in Core Revenue and Operating Profit

    Infinity Laghubitta Bittiya Sanstha Limited Reports Decreased Net Profit in Q3, with Decline in Core Revenue and Operating Profit


    Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has released its third-quarter report for the current fiscal year, showing a decreased net profit of Rs. 1.38 crores. In the corresponding quarter of the previous fiscal year, the company had recorded a profit of Rs. 11.83 crores.

    The microfinance company’s net interest income, which is its core revenue, has decreased by 24.19% to Rs. 19.30 crores in the third quarter of the current fiscal year, compared to Rs. 25.47 crores generated in the same period of FY 2078/79.

    ILBS’s operating profit has experienced a significant decline of 88.48%, amounting to Rs. 1.94 crores up to the third quarter of the ongoing fiscal year. Additionally, the non-performing loan (NPL) of the company has nearly tripled, reaching 14.04%.

    Furthermore, minor fluctuations have been observed in the company’s deposits, borrowings, and personnel expenses, with changes of -1.02%, -6.32%, and 6.77% respectively, as indicated in the third-quarter report.

    Infinity Laghubitta maintains a paid-up capital of Rs. 49.74 crores, along with Rs. 17.96 crores in the form of reserve and surplus, which includes reserves and retained earnings.

    The company’s earnings per share (EPS) ratio is lower at Rs. 3.70, while the net worth per share stands at Rs. 136.11.

    At the end of the third quarter, the company’s closing price was Rs. 644.90.

  • NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)

    NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)


    NEPSE has recently listed 28,81,180.9663 unit bonus shares of Nepal Bank Limited (NBL). This follows the bank’s 63rd Annual General Meeting held on Poush 29, where a 12% dividend was approved for the fiscal year 2078/79. During a board of directors meeting on Poush 01, it was decided to distribute the dividend on the paid-up capital of Rs. 14.40 Arba, which included 2% bonus shares worth Rs. 28.81 Crore and 10% cash dividend (including bonus shares tax purposes) worth Rs. 1.44 Arba. These bonus shares are now listed in NEPSE, and the closing price of NBL shares stands at Rs. 245.

    Similarly, Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has also listed 21,11,127.469 unit bonus shares in NEPSE. The company held its 10th Annual General Meeting for the fiscal year 2078/79 on Poush 30, 2079, where a 30% dividend was endorsed. During a board of directors meeting on Poush 04, it was decided to distribute the dividend on the paid-up capital of Rs. 84.44 Crores, which included a 5% cash dividend (including tax) worth Rs. 4.22 Crores and a 25% bonus dividend worth Rs. 21.11 Crores. These bonus shares are now listed in NEPSE, and FOWAD shares closed at Rs. 1,104 on the previous trading day.