Tag: Reported

  • All five mutual fund schemes managed by NIC Asia Capital have reported Net Asset Values (NAV) above par for the month of Mangsir

    All five mutual fund schemes managed by NIC Asia Capital have reported Net Asset Values (NAV) above par for the month of Mangsir


    NIC Asia Balanced Fund (NICBF):

    NIC Asia Balanced Fund (NICBF), a 10-year closed-end mutual fund scheme managed by NIC Asia Capital, has released its Net Asset Value (NAV) report for Mangsir. The NAV for the period is Rs. 10.31, reflecting an increase from Rs. 9.95 in the previous month. The scheme, starting with a fund size of Rs. 75.50 crores, has allocated Rs. 40.74 crores to shares of listed companies and Rs. 21.77 crores to debentures. Additionally, Rs. 54.92 lakhs have been invested in non-listed shares, and the bank balance stands at Rs. 11.07 crores. The fund reports a net profit of Rs. 1.80 Crore in Mangsir, compared to a net loss of Rs. 87.41 lakhs in the preceding month.

    NIC Asia Dynamic Debt Fund (NADDF):

    The NAV report for NIC Asia Dynamic Debt Fund (NADDF) has been issued. As an open-end fund with no fixed maturity period and a total size of Rs. 63.08 crores, the fund has invested Rs. 16.34 crores in listed shares, Rs. 58.84 lakhs in non-listed shares, and Rs. 31.50 crores in listed debentures. Additionally, Rs. 5.2 crores of the fund is in fixed deposits, and the bank deposits exceed Rs. 11.58 crores. The NAV for Mangsir is reported at Rs. 10.38, showing an increase from Rs. 10.08 in the previous month. The fund reports a profit of Rs. 1.82 crores in Mangsir, compared to Rs. 6.48 lakhs in the preceding month.

    NIC Asia Growth Fund (NICGF):

    NIC Asia Growth Fund (NICGF), a closed-end fund scheme with a 7-year maturity period, has published its monthly NAV report for Mangsir, 2080. The NAV for Mangsir is reported at Rs. 10.90, up from Rs. 10.39 in the previous month. Starting with a fund size of Rs. 83.52 crores, the scheme has allocated Rs. 59.95 crores to shares of listed companies and Rs. 65.83 lakhs to non-listed companies. The bank balance is Rs. 21.85 crores, and debentures amount to Rs. 8.37 crores. The fund reports a net profit of Rs. 7.08 crores in Mangsir, compared to a profit of Rs. 2.76 crores in the preceding month.

    NIC Asia Select-30 (NICSF):

    NIC Asia Select-30 (NICSF), a closed-end mutual fund with a 7-year maturity period, has unveiled the monthly Net Asset Value (NAV) report for Mangsir. Starting with a fund size of Rs. 1.25 Arba, the NAV stands at Rs. 10.92, up from Rs. 10.34 in the earlier month. The fund has invested Rs. 75.53 crores in listed shares and Rs. 1.22 Crore in non-listed shares. Additionally, it holds Rs. 15.50 crores in fixed deposits and Rs. 44.24 crores in the bank, with other assets worth Rs. 51.59 lakhs. The fund reports a loss of Rs. 68.40 lakhs in Mangsir, compared to a loss of Rs. 7.97 crores in the preceding month.

    NIC Asia Flexi Cap Fund (NICFC):

    The NAV report for NIC Asia Flexi Cap Fund (NICFC) has been unveiled for the month of Mangsir. With a fund size of Rs. 1.02 Arba, the NAV stands at Rs. 10.72, up from Rs. 10.18 in the previous month. The fund has invested Rs. 68.31 crore in listed shares, Rs. 1.17 crore in non-listed shares, and Rs. 10.70 crore in fixed deposits. Additionally, it holds Rs. 28.05 crores in the bank, with other assets worth Rs. 40.74 lakhs. The fund reports a net profit of Rs. 3.20 Crores in Mangsir, compared to a net loss of Rs. 2.3 Crores in the preceding month.

  • NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80

    NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80


    NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has released its third-quarter report for the fiscal year 2079/80, revealing a significant decline in net profit. The company’s net profit stood at Rs. 1.15 crores, representing a decrease of 89.80% compared to the same quarter of the previous fiscal year.

    Personnel expenses reported by the company for the first three quarters of the current fiscal year witnessed a slight increase of 5%, totaling Rs. 17.14 crores. Meanwhile, the operating profit experienced a substantial decline of 90% and reached Rs. 1.61 crores during the same period. The net interest income, which represents the core revenue of the microfinance institution, also decreased to Rs. 25.96 crores, reflecting a decline of 25.85% compared to the corresponding quarter of FY 078/79.

    However, concerning financial performance, NMBMF faced challenges as the non-performing loan (NPL) ratio more than doubled, reaching 8.97%. This increase indicates a higher proportion of loans in default or showing signs of financial distress.

    In terms of earnings per share (EPS), the company reported a slump to Rs. 2.34, while the net worth per share stood at Rs. 164.73 for NMBMF.

    At the end of the third quarter of the current fiscal year, the quarter-end price of NMBMF’s shares was Rs. 525.

  • Mahila Laghubitta Bittiya Sanstha Limited Reports Decline in Q3 Profits

    Mahila Laghubitta Bittiya Sanstha Limited Reports Decline in Q3 Profits


    Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has released its third-quarter report for the fiscal year 2079/2080, revealing a net profit of Rs. 5.24 crores. This marks a significant decline of 52.80% compared to the corresponding quarter of the previous fiscal year, which reported a net profit of Rs. 11.11 crores.

    MLBSL has witnessed a substantial increase in impairment charges, rising by 604.13% to reach Rs. 3.26 crores until the end of Q3 in the current fiscal year. Additionally, the Non-Performing Loan (NPL) of the company has surged, reaching 9.80% in the third quarter of FY 2079/80. It can be inferred that higher impairment charges and NPL have adversely affected the company’s profitability.

    On a different note, MLBSL’s net interest income, which represents its core revenue, has experienced a slight decline of 3.57% and amounts to Rs. 20.58 crores until the end of Q3 in FY 2079/80. Meanwhile, the company’s personnel and staff expenses have increased to Rs. 12.59 crores, reflecting a growth of 22.52% compared to the third quarter of FY 2078/79.

    MLBSL has successfully raised its paid-up capital by 47.50%, totaling Rs. 21.75 crores. The company also maintains a reserve and surplus, comprising reserves and retained earnings, amounting to Rs. 22.46 crores.

    With an Earnings per Share (EPS) of Rs. 32.17, MLBSL showcases its profitability per share. The Net Worth per Share of the company stands at Rs. 203.24, indicating its value per share based on its net worth.

    Overall, MLBSL’s Q3 report demonstrates a decline in profits, driven by increased impairment charges and NPL. The company also faces challenges related to net interest income and rising personnel expenses. However, it has managed to strengthen its financial position through an increase in paid-up capital and maintains a favorable EPS and net worth per share.

  • Balephi Hydropower’s Challenging Q3: Net Losses, Administrative Expenses Surge, and Strategies for Financial Recovery

    Balephi Hydropower’s Challenging Q3: Net Losses, Administrative Expenses Surge, and Strategies for Financial Recovery


    Balephi Hydropower Limited (BHL) has released its third-quarter report for the current fiscal year, revealing a significant net loss of Rs. 23.72 crores. In comparison, during the third quarter of the previous fiscal year 2078/79, the company had reported a net loss of Rs. 6.06 lakhs.

    During the third quarter of the current fiscal year, BHL experienced a substantial increase in administrative expenses, reaching Rs. 25.59 lakhs. Additionally, the company had to bear financial costs amounting to Rs. 31.19 crores up to the third quarter of FY 079/80.

    With an Earnings per Share (EPS) of Rs. -17.30 and a below-average net worth of Rs. 81.93, BHL faces financial challenges. However, the company managed to generate revenue of Rs. 35.93 crores from the sale of power until the end of the third quarter of the ongoing fiscal year.

    According to the management analysis, BHL incurred significant penalties from the Nepal Electricity Authority (NEA) for surpassing the Required Commercial Operation Date (RCOD) as outlined in the Power Purchase Agreement (PPA).

    BHL is optimistic that once the RCOD issue is resolved, the company will generate sufficient cash revenue to meet its financial and operational obligations. To improve its cash flow, the company plans to issue right shares.

    In a meeting held on Falgun 12, 2079, the board of directors of BHL decided to propose the issuance of rights shares in a ratio of 1:0.5 in the next annual general meeting. The proposal aims to utilize the then-paid-up capital of Rs. 1.827 Arba, resulting in an enhanced paid-up capital of Rs. 2.74 Arba after the 50% right issue.

    At the end of the third quarter of this fiscal year, BHL’s closing share price stood at Rs. 321. Additionally, the company successfully increased its paid-up capital by 10.50%, amounting to Rs. 1.82 Arba.

  • RBB Merchant Banking Closes RBB Mutual Fund 2 Issue to General Public

    RBB Merchant Banking Closes RBB Mutual Fund 2 Issue to General Public


    RBB Merchant Banking Limited has concluded the public offering of its mutual fund scheme, “RBB Mutual Fund 2,” on the specified date of 31st Baisakh. The offering, which initially opened on the 17th Baisakh and was intended to close on the 21st Baisakh, had been extended due to an insufficient number of applications.

    Out of a total of 12 crore unit shares, the fund sponsor, Rastriya Banijya Bank Limited, has been allocated 15% or 1.80 crore units worth Rs. 18 crores. The remaining 10.20 crore units were made available to the general public.

    As reported by CDSC (Central Depository System and Clearing Ltd.), as of 5 PM last Friday, a total of 15,651 applicants have applied for 46,046,424 units worth Rs. 46.04 crores.

    “RBB Mutual Fund 2” is a closed-end fund that will be traded on the Nepal Stock Exchange (NEPSE) and has a maturity period of 10 years. Interested applicants were able to apply for a minimum of 100 units up to a maximum of 12,000,000 units.

    RBB Merchant Banking Limited currently manages another closed-end fund, RBB Mutual Fund 1 (RMF1), in the market.

  • Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80

    Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has released its third-quarter report for FY 2079/2080, revealing a significant decline in net profit by 85.22%. According to the report, the net profit decreased to Rs. 3.15 crores, compared to Rs. 21.37 crores in the corresponding quarter of the previous year.

    The company’s borrowings decreased by 5.57% to Rs. 4.91 Arba, down from Rs. 5.20 Arba in the same quarter of the previous year. On the other hand, deposits increased by 5.29% to Rs. 3.37 Arba, while loans and advances experienced a slight decrease of 0.26% to 9.89 Arba during this quarter.

    The core revenue, represented by net interest income, saw a significant decrease of 30.82% to Rs. 33.05 crores, compared to Rs. 47.78 crores in the corresponding quarter of the previous year.

    The provision for possible losses amounted to Rs. 7.10 crores, marking a substantial increase of 1278.48%, impacting the overall profitability for this period.

    In terms of financial position, the paid-up capital of the company stood at Rs. 73.20 crores in this quarter, with reserve and surplus at Rs. 52.27 crores.

    The company’s non-performing loans (NPL) stood at a higher level of 9.78%.

    The earnings per share (EPS) for the company is reported as Rs. 5.75, while the net worth per share stands at Rs. 171.41. The company traded at a price-to-earnings (P/E) multiple of 106.97 times.

  • NIC Asia Laghubitta Bittiya Sanstha Limited Reports 58.93% Decline in Net Profit for Q3 FY 2079/2080

    NIC Asia Laghubitta Bittiya Sanstha Limited Reports 58.93% Decline in Net Profit for Q3 FY 2079/2080


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has released its third-quarter report for FY 2079/2080, indicating a significant decline in net profit by 58.93%. According to the report, the net profit dropped to Rs. 23.24 crore, compared to Rs. 56.60 crore in the same quarter of the previous year.

    The company’s borrowings decreased by 12.91% to Rs. 14.14 Arba, down from Rs. 16.23 Arba in the corresponding quarter of the previous year. Deposits also saw a decline of 14.80% to Rs. 2.85 arba, while loans and advances decreased by 7.30% to 19.58 Arba during this quarter.

    The core revenue, represented by net interest income, experienced a significant decrease of 34.96% to Rs. 77.67 Crores, compared to Rs. 1.19 Arba in the same quarter of the previous year.

    In terms of financial position, the paid-up capital of the company remained at Rs. 1.73 arba in this quarter, and its reserve and surplus stood at Rs. 1.28 arba.

    The company’s non-performing loans (NPL) increased from 1.46% to 4.91%.

    The earnings per share (EPS) for the company is reported as Rs. 17.82, while the net worth per share stands at Rs. 173.65. The company traded at a price-to-earnings (P/E) multiple of 33.22 times.

  • Bindhyabasini Hydropower Development Company Limited Reports a 48.81% Decrease in Q3 Net Profit Due to Machinery Breakdown

    Bindhyabasini Hydropower Development Company Limited Reports a 48.81% Decrease in Q3 Net Profit Due to Machinery Breakdown


    Bindhyabasini Hydropower Development Company Limited (BHDC) has published its Q3 report of FY 2079/80, reporting a 48.81% decrease in net profit. The company’s net profit has reached Rs. 6.41 crores in this quarter compared to Rs. 12.53 crores in the corresponding quarter of the previous year. The company’s total revenue stood at Rs. 21.02 crores, with an increase in administrative expenses by 53.78% and a slight decrease in financial expenses.

    The paid-up capital of the company stood at Rs. 1.05 Arba, an increase of 40% compared to the previous fiscal year. However, the company suffered a significant decline in net profit due to machinery breakdown, resulting in a decrease in overall production and operations.

    Rudi Khola B Hydropower Project, one of the two projects operated by BHDC, had reported damages in the pipeline due to landslides experienced on Shrawan 18, 2079, while issues in the power transformer of the project had been reported on Falgun 01, 2079.

    According to the management analysis of the company, the decline in net profits was primarily due to machinery breakdown, resulting in adverse impacts on the company’s overall profitability. Despite the decline, the annualized earnings per share for BHDC stood at Rs. 8.15, while the net worth per share was Rs. 113.69.

    In conclusion, BHDC’s Q3 report highlights the adverse impact of machinery breakdown on the company’s overall operations and profitability, leading to a significant decline in net profit. The company is continuously working on resolving the issues that have caused the decline in its net profit and improving its operations to ensure stable growth in the coming quarters.

  • Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080


    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB), a microfinance company in Nepal, recently released its third-quarter report for the fiscal year 2079/2080. The report indicated a decline in net profit by 46.1% to Rs. 32.92 crore compared to the same period in the previous year, which was Rs. 61.09 crore. The company attributed the decline in net profit to the COVID-19 pandemic, which affected its business operations and borrowers’ repayment capabilities.

    Despite the decline in net profit, JBLB showed some positive trends in other areas. The company’s borrowings decreased by 8.02% to Rs. 8.70 Arba, while deposits increased by 4.85% to Rs. 10 Arba. This increase in deposits could be due to increased trust and confidence from depositors in the company’s financial stability and sound management practices.

    Furthermore, JBLB’s loans and advances decreased by 41.19% to Rs. 22.45 Arba. This reduction could be due to the company’s cautious approach in lending and disbursement amid the pandemic, which has created financial uncertainties for many of its borrowers. However, this decline in loans and advances could also impact the company’s future growth and profitability, as it relies heavily on its loan portfolio.

    The net interest income (core revenue) decreased by 5.54% to Rs. 1.19 Arba compared to the corresponding quarter of the previous year. The company may have experienced a reduction in interest income due to the decrease in loans and advances, as well as the decrease in the lending rate amid the pandemic.

    Despite the decline in net profit, JBLB’s paid-up capital increased to Rs. 1.18 Arba, and its reserve increased by 14.96% to Rs. 1.09 Arba in this quarter. This increase in paid-up capital and reserve indicates the company’s ability to attract investments and retain earnings, which could help boost its future growth and stability.

    JBLB’s annualized earnings per share (EPS) stood at Rs. 37.14, while its net worth per share is Rs. 261.45. The company is currently trading at a P/E multiple of 40.53 times, indicating that investors may have confidence in the company’s long-term prospects, despite the short-term challenges brought on by the pandemic.

    In conclusion, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a decline in net profit for the third quarter of FY 2079/2080, largely due to the impact of the COVID-19 pandemic. However, the company showed some positive trends, such as an increase in deposits and paid-up capital, which could help support its future growth and profitability.

  • GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans

    GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans


     

    Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) has reported a net profit of Rs. 5.9 Crores in the third quarter of FY 2079/2080, marking a 79.19% decrease compared to the same quarter in the previous year. The company’s net interest income decreased by 26.48% to Rs. 67.31 Crores, while its borrowings decreased by 16.70% to Rs. 5.70 Arba and deposits decreased by 4.55% to Rs. 3.75 Arba. The company’s loans and advances also decreased by 10.03% to Rs. 12.71 Arba in this quarter. Non-performing loans increased to 7.94% from 4.23% in the corresponding quarter, while annualized earnings per share (EPS) stands at Rs. 8.01 and net worth per share is Rs. 235.87.

  • Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80

    Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80


    Sanima Mai Hydropower Company Limited (SHPC) has reported a decline in net profit by 20.40% in the third quarter (Q3) of FY 2079/80. The company’s net profit decreased to Rs. 35.82 crores in this quarter from Rs. 45 crores in the corresponding quarter of the previous year. The decline in net profit is due to a decrease in revenue from the Sale of Electricity, which decreased by 16.16% compared to the corresponding previous year’s quarter ending. The decreased revenue is attributed to the end of the Posted Rate Facility Agreement for Mai Hydropower Project (15.6 MW) and unfavorable hydrological conditions during this quarter.

    The company has invested around Rs. 3.62 Arba in associates, which have increased by 196.12% in this quarter. SHPC has investments in various associates companies, including Sanima Middle Tamor Hydropower Ltd, Mathillo Mailun Khola Jalvidhyut Hydropower Ltd, Bavari Construction Pvt. Ltd, and Sanima Jum Hydropower.

    SHPC has a share capital of Rs. 3.08 Arba, and the retained earnings are Rs. 1.11 Arba, with other reserves of Rs. 2.39 Arba. The company has recognized other comprehensive gain of NPR. 2,388,872,000 resulting from the fair value measurement of shares invested in Swet Ganga Hydropower and Construction Ltd. and Sanima Middle Tamor Hydropower Ltd. (Listed Associate Companies) as on third-quarter end, 2079. The gain has been shown under other reserves as Fair Value Reserve.

    The annualized EPS stands at Rs. 15.46, and the net worth per share at Rs. 213.81, with the company’s P/E standing at 21.80 times.

  • Citizen Investment Trust reports 26.15% increase in net profit for Q3 FY 2079/80

    Citizen Investment Trust reports 26.15% increase in net profit for Q3 FY 2079/80


    Citizen Investment Trust (CIT) has released its unaudited report for the third quarter of the fiscal year 2079-2080, showing a significant increase in net profit. The company recorded a net profit of Rs. 77.79 crores, marking a 26.15% increase from the corresponding quarter of the previous year.

    During this quarter, CIT made investments amounting to Rs. 2.12 Kharba, which is a 13.02% increase compared to the relevant quarter of the previous year. According to the report published by the company, the paid-up capital currently stands at Rs. 4.25 Arba. However, the share premium of the company decreased by 77.56% and now stands at Rs. 28.38 crores.

    The earnings per share (EPS) for CIT during this quarter was Rs. 24.40 on an annualized basis. Additionally, the company reported a Return on Investment (ROI) of 9.67% and a price-to-earnings (P/E) ratio of 85.65 times for the third quarter of FY 2079/80. Overall, this unaudited report suggests that CIT has performed well in this quarter, with notable growth in net profit and investments.