Tag: Revenue

  • Nepal Clearing House Ltd. Processes Over NRs. 84 Billion on the Last Day of Poush 2080

    Nepal Clearing House Ltd. Processes Over NRs. 84 Billion on the Last Day of Poush 2080


    On the final day of Poush 2080, Nepal Clearing House Ltd. (NCHL) facilitated transactions totaling over NRs. 84 Billion through its payment systems. This marked a significant increase of 60 percent in transaction volume and 70 percent in transaction value compared to the corresponding day in the previous year. NCHL-ECC, NCHL-IPS, and RPS processed transactions amounting to NRs. 41 B, NRs. 14 B, and NRs. 29 B, respectively, on the last day of the second quarter.

    Real-time transactions within the RPS system experienced a surge, with transactions initiated from various sources such as connectIPS (App, Web, Gateway), CORPORATEPAY, bank branches, mobile banking, wallets, and NPI-integrated channels/systems. Throughout the day, both NCHL-IPS and RPS systems witnessed significant Government revenue collections surpassing NRs. 1.6 B and expenses exceeding NRs. 6.8 B, equivalent to over 1.25 lakh transactions. Government payments were facilitated through various channels, including connectIPS, CORPORATEPAY, NEPALPAY QR gateway, bank branches, mobile banking, and wallets.

    NCHL’s systems are utilized by more than 53 bank financial institutions (BFIs) as direct members and over 100 non-bank institutions as indirect or technical members. The BFIs extend payment services through their extensive network of over 7,000 branches, while indirect/technical members reach their customers through diverse channels.

  • Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update

    Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update


    Sarbottam Cement Limited has recently unveiled its financial performance for the fourth quarter of the fiscal year 2079/2080, revealing a significant 55.61% decline in net profit. The company’s net profit contracted from Rs. 46.76 crores in the corresponding quarter of the prior year to Rs. 20.75 crores in Q4, 2079/2080.

    Concurrently, the core business revenue, represented by sales revenue, witnessed a notable downturn of 31.74%, decreasing to Rs. 5.38 Arba from Rs. 7.88 Arba year-on-year. The other income of the company also experienced a substantial decline, dropping to Rs. 1.08 crores compared to the previous year’s figure of Rs. 8 crores. However, expenses for the same period exhibited a comparatively modest decrease of 9.27%.

    The company’s investment portfolio is reported at Rs. 55.6 crores. Sarbottam Cement’s paid-up capital remains steady at Rs. 4.05 Arba, with retained earnings totaling Rs. 3.45 Arba.

    In terms of financial metrics, the annualized earnings per share (EPS) for the company stand at Rs. 5.13, reflecting the per-share profitability, while the net worth per share is reported at Rs. 185.19.

    Moreover, Sarbottam Cement is currently in the process of issuing IPO shares through a book-building approach. The IPO entails the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital amounting to Rs. 4.65 Arba. Notably, 40% (24 lakh units) of the IPO shares have been issued to the Qualified Institutional Investors (QII) from 6th – 10th Mangsir, 2080, while the remaining 60% (36 lakh units) will be made available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local individuals.

  • Would like to invest in a person and his idea to start a BnB? Loan or Revenue share.

    Would like to invest in a person and his idea to start a BnB? Loan or Revenue share.


    Hi, I have just returned form Australia and a person posted on facebook group asking for investors in his project.
    He has not run a similar project before but has experience in hospitality.
    With only an idea and no real asset or capital, How do I support him?
    I see potential in him and his plans are also foolproof given he puts in effort.
    He has good network with expat and many property owners (for rental).

    Please suggest how to build trust and be sure investment is safe.

    View on r/NepalStock by sulove_sth

  • Gupteshwor Mahadev Cave in Pokhara Generates Impressive Annual Revenue of 54.2 Million Rupees

    Gupteshwor Mahadev Cave in Pokhara Generates Impressive Annual Revenue of 54.2 Million Rupees


    The Gupteshwor Mahadev Cave in Chhorepatan, Pokhara, renowned for its historical and religious significance, has announced an impressive annual revenue of 54.2 million rupees. As a favored destination among tourists exploring Pokhara, the cave attracts visitors for its cultural and religious importance.

    Information disclosed during the 28th Annual General Meeting of the Gupteshwor Mahadev Cave Conservation Committee reveals that the revenue was generated through various channels. Ticket sales played a significant role, contributing Rs. 42.8 million, while the donation box collected Rs. 2.7 million. Additional funds were sourced from donation receipts (Rs. 5.1 million), bank interest (Rs. 1.6 million), and income generated from rented business complexes and memberships.

    During the inauguration of the AGM, Chief Judge of Pokhara High Court, Madhav Prasad Pokharel, emphasized the importance of channeling the earnings from religious sectors towards the overall development of education, health, and society.

    The event also took the opportunity to acknowledge the contributions of Gandaki Provincial Assembly Secretary Hariram Pokhrel and Dhanusha District Judge Yognath Dhakal, honoring them for their dedicated efforts in the conservation of the Gupteshwor Cave.

  • Bumper Orange Harvest Brings Prosperity to Ichchhakamana: Farmers Set to Earn Rs 100 Million

    Bumper Orange Harvest Brings Prosperity to Ichchhakamana: Farmers Set to Earn Rs 100 Million


    In Ichchhakamana rural municipality, a remarkable achievement in agriculture is anticipated as more than 450 farmers are projected to collectively earn Rs 100 million this year exclusively from orange cultivation. The Agriculture Development Section of the rural municipality has reported that the oranges cultivated by local farmers have garnered favorable prices, resulting in substantial income for the entire community.

    Currently, the selling price of oranges at the farmer’s orchard ranges from Rs 75 to Rs 90 per kilogram, as stated by Section Chief Ashish Tripathi. This success story unfolds across 80 hectares of land in Ichchhakamana rural municipality, with oranges cultivated on 60 hectares in the current year. Out of the 20,000 orange trees in the area, 15,000 have borne fruits.

    Tripathi acknowledged that although this year’s production is slightly lower than the previous year, the farmers have benefited from higher market prices. The Orange Growing Area Expansion Programme, introduced by the Agriculture Knowledge Centre (AKC) last year, led to an increased plantation area. However, the area with higher production did not witness a corresponding expansion.

    In comparison, the orange production for the current year has seen a 12 percent decrease compared to the previous year’s 1,650 metric tonnes, totaling 1,500 metric tonnes. Orange farming plays a crucial role in the economic activities of Ichchhakamana rural municipality and Bharatpur Metropolitan City-29, contributing significantly to the prosperity of these hilly regions in the Chitwan district.

  • Government Utilizes 10.2% of Development Capital Amidst Sluggish Revenue Collection

    Government Utilizes 10.2% of Development Capital Amidst Sluggish Revenue Collection


    As the current fiscal year reaches its midway point with four and a half months passed, the government’s utilization of its development capital remains relatively modest at 10.2%. According to the Financial Comptroller General Office, the government has disbursed Rs 30.27 arba for the ongoing fiscal year, with an additional Rs 3.20 kharba allocated for previous expenditures.

    In the initial four and a half months of the fiscal year, the total government expenditure has reached 20.75%, totaling Rs 3.63 kharba. A noteworthy aspect is that 24.4% of this expenditure has been directed towards current expenses, covering salaries, allowances, and administrative costs for employees.

    Simultaneously, the government’s revenue collection has demonstrated sluggish performance, achieving only 20.66% of the targeted revenue during this period. The detailed breakdown indicates that 20.77% is derived from tax income, while non-tax income contributes 19.49%.

    The government’s revenue collection goal for the current financial year is set at Rs. 14.22 kharba. However, the current figure stands at Rs. 3.12 kharba, resulting in the government’s expenditures surpassing its income by Rs 50.61 arba.

  • Nepal’s Government Records Revenue of Rs. 84.75 Billion from Alcohol and Cigarette Sales in the Past Fiscal Year

    Nepal’s Government Records Revenue of Rs. 84.75 Billion from Alcohol and Cigarette Sales in the Past Fiscal Year


    During the last fiscal year, the Internal Revenue Department (IRD) of Nepal reported that the government accrued a total revenue of Rs. 84.75 Billion from the sales of alcohol and cigarettes. This revenue distribution comprises Rs. 26.22 Billion from cigarettes, Rs. 25.92 Billion from alcohol, and Rs. 32.61 Billion from beer.

    The source of this revenue lies in the imposition of excise duty on cigarettes and alcohol at customs points. In the preceding year, the revenue figures for cigarettes, alcohol, and beer were Rs. 24.56 Billion, Rs. 30.41 Billion, and Rs. 31 Billion, respectively.

    The excise duty on alcohol is determined by its alcohol content strength, ranging from Rs. 1,250 to Rs. 2,120 per liter. As for unfiltered cigarettes, the excise duty is set at Rs. 730, whereas for filtered cigarettes, it varies between Rs. 1690 and Rs. 4080.

  • Himalayan Distillery Limited Reports 51.24% Drop in Q1 Net Profit, Reveals Financial Performance for FY 2080/81

    Himalayan Distillery Limited Reports 51.24% Drop in Q1 Net Profit, Reveals Financial Performance for FY 2080/81


    In the recently released financial report for the first quarter of fiscal year 2080/81, Himalayan Distillery Limited (HDL) revealed a substantial 51.24% decline in net profit, dropping to Rs 10.51 crore from Rs 21.5 crore in the corresponding quarter of FY 2079/80. The company faced a notable downturn in revenue, experiencing a 29.70% decrease to Rs 97.18 crore in Q1 2080/81, compared to Rs 1.38 arba in the same quarter of FY 2079/80. Despite this challenging financial scenario, HDL saw a positive surge in other operating income, marking a 73.25% increase to Rs 59.11 lakhs from Rs 34.12 lakhs in the previous year.

    As outlined in the financial report, Himalayan Distillery’s share capital currently stands at Rs 2.42 Arba, with other equity amounting to Rs 1.03 Arba. Key financial metrics include an annualized Earnings Per Share (EPS) of Rs 17.32, reflecting the company’s performance on a per-share basis. However, the quarter-end Price-to-Earnings (P/E) ratio stands at 107.22 times. The net worth per share is reported at Rs 142.41.

    The report also provides a detailed breakdown of major financial highlights, showcasing changes in paid-up capital, other equity, property, plant and equipment, investment, trade receivables, revenue from operation, other income, administration expenses, selling and distribution expenses, and net profit. The annualized EPS is noteworthy, indicating the company’s earnings per share on an annual basis. The net worth per share has decreased to Rs 142.41, reflecting a 29.37% decline. The quarter-end P/E ratio is reported at 107.22.

    In terms of liquidity, the report highlights a liquidity ratio of 8.46. This comprehensive financial overview provides a detailed analysis of Himalayan Distillery Limited’s performance and financial health for the first quarter of the fiscal year 2080/81.

  • Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments

    Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments


    Sanima Mai Hydropower Company Limited (SHPC) has reported a positive performance in the first quarter of the fiscal year 2080/81, demonstrating a 6.02% increase in net profit. The company’s net profit climbed to NPR 24.92 crores, up from NPR 23.5 crores in the same quarter of the previous year.

    This growth was primarily supported by a 2.43% increase in revenue generated from electricity sales, reaching NPR 32.98 crores. Additionally, SHPC managed to significantly reduce both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, in comparison to the previous year’s quarter.

    Up to the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive revenues of NPR 24.81 crores and NPR 8.17 crores, respectively.

    Furthermore, SHPC strategically invested a total of NPR 2.74 arba in subsidiary projects, including ventures in Swet Ganga Hydropower and Construction Limited, Sanima Middle Tamor Hydropower Limited, Mathilo Mailun Khola Jalvidhyut Hydropower Limited, Bavari Construction P Limited, and Sanima Jum Hydropower Limited. These investments underscore the company’s commitment to expansion and diversification.

    With a share capital of NPR 3.08 Arba and retained earnings of NPR 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of NPR 32.37 and a net worth per share of NPR 164.17. The company’s Price/Earnings (P/E) ratio stands at 8.83 times.

     

  • Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months

    Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months


    Over the past two months, the Kathmandu Metropolitan City (KMC) has amassed a revenue of Rs 1.17 billion, marking a significant increase of nearly Rs 230 million compared to the same period in the previous fiscal year. During the corresponding timeframe last year, KMC had collected Rs 934.1 million in revenue. The notable surge in revenue collection has been attributed to the initiation of revenue collection by KMC’s ward offices, as stated by Dhruba Kafle, Chief of the Revenue Department at KMC.

    This growth in revenue has coincided with a notable rise in the number of taxpayers, which can be attributed to all 32 wards under KMC now offering tax collection services. It’s been reported that an increased number of taxpayers are paying property tax and house rent, reflecting a boost in compliance. KMC administers tax collection under nine different categories, including property tax, house rent tax, entertainment tax, and advertisement tax, among others.

    In the current fiscal year, KMC has set an ambitious target to collect Rs 10.41 billion in revenue, highlighting its commitment to continued financial growth and service provision.

  • “RADHI Reports Q4 Profit; Slight Dip in Revenue from Power Sales”

    “RADHI Reports Q4 Profit; Slight Dip in Revenue from Power Sales”


    Radhi Bidyut Company Limited (RADHI) has reported a remarkable 121.33 percent increase in its net profits during the fourth quarter, reaching Rs. 11.27 crores for FY 2079-80. This substantial growth contrasts with the Rs. 5.09 crores earned in the same period of the previous fiscal year, 2078-79. The company’s primary income source, power sales, has experienced a decline of 4.82 percent, amounting to Rs. 12.84 crores for FY 2079-80.

     

  • “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”

    “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”


     

    Global IME Bank Limited (GBIME) has released its fourth quarter report for the fiscal year 2079-80, revealing a significant rise in Net Profit to Rs. 7.25 Arba, marking a 46.26 percent increase from the previous year’s Rs. 4.95 Arba during the same period. The bank has seen notable growth in both Net Interest Income and Operating Profit, which have surged by 66.37 percent and 40.57 percent, respectively. GBIME achieved a total core business revenue of Rs. 17.11 Arba in FY 2079-80, contributing to an Operating Profit of Rs. 10.10 Arba up to the same period.