The price of gold has surged by Rs. 500 in the domestic market today.
According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 106,300 per tola. Yesterday, the rate was maintained at Rs. 105,800 per tola. Meanwhile, Tejabi gold is being traded at Rs. 105,800 today. In contrast, the rate was maintained yesterday at Rs. 105,300 per tola.
The government is working to advance a bill that would amend the Money Laundering Prevention Act.
On Tuesday, the national review council on money laundering met at the Ministry of Finance and decided to fast track a bill to amend some acts relating to money laundering control and promotion of the professional environment.
Shuvam Power Limited (SHUVAM) is launching an issue of 4,81,882 unit shares with a face value of Rs 100 starting today, March 18th, 2079. The company expects to earn Rs 4.81 crore from this IPO. This issue’s early closing date is 22nd Magh, and if it is not fully subscribed, it can be extended until Falgun 03, 2079.
Out of the total 580,580 units, 10%, or 58,058 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 11,610 units, have been set aside for the company’s employees, and 5%, or 29,030 units, have been set aside for mutual funds. The remaining 4,81,882 units are for general distribution.
Sanima Middle Tamor Hydropower Limited has closed the issue of its initial public offering (IPO) to Nepalese citizens working abroad as of today’s banking hours, Magh 18, and has extended the IPO issue deadline for project-affected locals until 4th Falgun, 2079. The issue had begun on the 4th of Magh, 2079.
The company’s issued capital is Rs. 3.33 Arba, of which 10%, or 33,32,500 unit shares worth Rs. 10 crores, have been allocated to project-affected Taplejung District residents. Meanwhile, 15% of the company’s issued capital, or 49,98,750 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 499,875 units to Nepalese citizens working abroad.
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.
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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.