Today is the last day to grab the dividend proposed by Taragaon Regency Hotel Limited (TRH), Ridi Power Company Limited (RIDI), and Arun Valley Hydropower Development Company Limited (AHPC).
Taragaon Regency Hotel Limited (TRH) has called its 26th AGM on 3rd Falgun, 2079. The meeting will be held in Nepal Tourism Board, Bhrikutimandap, starting at 11 AM.
Ru Ru Jalbidhyut Pariyojana Limited (RURU) has posted a decline in net profit by 9.31% in the second quarter (Q2) of the current FY 2079/80. The profit decreased to Rs. 5.96 crores in this quarter from Rs. 6.57 crores in the corresponding quarter of the previous year.
RURU has sales revenue worth Rs. 9.15 crores, which has declined by 8.13% in this quarter.
Today’s gold price has dropped by Rs. 500 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 105,800 per tola. Yesterday, the rate remained unchanged at Rs. 106,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,300. In contrast, the rate was kept at Rs. 105,800 per tola yesterday.
For the fiscal year 2078/79, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has proposed a 5% dividend worth Rs. 70.87 lakhs.
The board of directors decided to distribute a 5% dividend on the paid-up capital of Rs. 14.17 crores at its 79th meeting on March 16. A cash dividend of 0.25% and 4.75% bonus shares (for tax purposes) have been proposed. Thus, the bonus shares are worth slightly more than Rs. 67.32 lakhs, and the cash dividend is worth slightly more than Rs. 3.54 lakhs.
Asian Hydropower Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).
From the 27th of Magh, 2079, the company will issue 6,97,200 unit shares with a face value of Rs 100. The company expects to earn Rs 6.97 crore from this IPO. This issue’s early closing date is Falgun 2, 2079, and if it is not fully subscribed, it can be extended until Falgun 12, 2079.
.
Finance companies are licensed by the central bank with the goal of providing various banking and financial services to the general public, as the reach of banking and financial services in Nepal remains limited.
For the year 2022, NEPSE currently has 15 listed finance companies. To assist enthusiasts in the secondary market, an article has been prepared that compiles an analysis of all finance companies’ performance in the second quarter of FY 2079/2080 that can be useful for investment purposes. The industry average includes all 15 finance firms.
National Hydro Power Company Limited (NHPC) reported a 13.89% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit decreased to Rs.73.61 Lakhs in this quarter from Rs.85.49 Lakhs in the previous year’s corresponding quarter.
NHPC has collected a total of Rs. 5.58 crores in revenue as of the end of Q2. On the other hand, the company reports an increase in administrative expenses of 80.30% and interest expenses of 32.42%, both of which have impacted NHPC’s profitability for this quarter.
| Particulars (In Rs ‘000) | National Hydro Power | ||
|---|---|---|---|
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 1,645,016.94 | 1,385,911.20 | 18.70% |
| Reserve & Surplus | 31,208.52 | 260,869.69 | -88.04% |
| Property, Plant & Equipment | 1,019,246.10 | 944,175.30 | 7.95% |
| Advances & Receivables | 121,077.76 | 415,807.48 | -70.88% |
| Provisions | 15,826.10 | 5,306.75 | 198.23% |
| Revenue | 55,893.70 | 55,513.74 | 0.68% |
| Administrative Expenses | 9,373.60 | 5,198.92 | 80.30% |
| Finance Expenses | 8,123.08 | 6,134.55 | 32.42% |
| Net Profit | 7,361.97 | 8,549.26 | -13.89% |
| EPS (In Rs.) | 0.90 | 1.23 | -27.45% |
| Net Worth per Share (In Rs.) | 101.90 | 118.82 | -14.24% |
| Qtr end PE Ratio (times) | 280.43 | – | – |
| Qtr End Market Price | 251 | – | – |
Aatmanirbhar Laghubitta Bittiya Sanstha will issue 20,338 units of IPO shares to Nepalese citizens working abroad beginning today, 16th Magh, and ending on 1st Falgun, 2079.
The company’s issued capital is Rs. 6.23 crores, of which 32.625%, or 203,380 unit shares worth Rs. 2.03 crores, have been set aside for the general public. Out of the total 203,380 units, 10%, or 20,388 units, have been set aside for Nepalese citizens working abroad, while 1.5326%, or 3,117 units, have been set aside for company employees, and 5%, or 10,170 units, have been set aside for mutual funds.
The dividend proposed by Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Shikhar Insurance Company Limited expires today (SICL).
The 16th Annual General Meeting (AGM) of Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for the 28th of Magh, 2079. The meeting will begin at 11 a.m. in Morang’s Assembly Hall, Biratnagar-2.
The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC.
On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after adjusting 10% bonus shares for fiscal year 2077/78, i.e. Rs. 80,65,75,000. The company’s paid-up capital will rise to Rs. 120.98 crores after the proposed right share is adjusted.
Kalinchowk Darshan Limited (KDL) will issue its initial public offering (IPO) on Thursday, March 19, 2079. The allotment program will begin at 10 a.m. on the premises of the issue manager, Nabil Investment Banking Limited.
From the 3rd to the 6th of March, the company issued 896,400 units of Rs 100 face value shares to the general public in an Initial Public Offering (IPO) worth Rs 8.96 crore. Out of the total 10,80,000 units, 10%, or 108,000 units, were already issued and allotted to Nepalese citizens working abroad, 2%, or 21,600 units, were set aside for company employees, and 5%, or 54,000 units, were set aside for mutual funds.
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