Tag: Worth

  • 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.

  • Chilime Hydropower Company Limited reports a slight increase in net profit in Q3

    Chilime Hydropower Company Limited reports a slight increase in net profit in Q3


    Chilime Hydropower Company Limited (CHCL) has released its third-quarter unaudited report, showing a 1.34% increase in net profit. In this quarter, the company’s profit increased to Rs. 52.89 crores, compared to Rs. 52.20 crores in the corresponding quarter of the previous year.

    Despite the increase in net profit, the company has experienced a 2.33% decrease in electricity sales worth Rs. 80.42 crores during the quarter. The management has attributed this decline to a decrease in the amount of electricity purchased as compared to the previous year’s Chaitra, which resulted in a decrease in income from the sale of electricity. CHCL has also earned finance (interest) income of Rs. 17.58 crore till Q3.

    For this quarter, the company has reported administrative expenses of Rs. 6.40 Crores and operating expenses worth Rs. 7.38 Crores.

    CHCL’s reserve fund currently stands at Rs. 3.13 Arba, with share capital at Rs. 7.25 Arba. The earnings per share of the company stands at Rs. 9.72 with a net worth per share at Rs. 143.23. The P/E ratio of the company stood at 50.42 times.

    To sum up, CHCL has reported an increase in net profit despite a decline in electricity sales during the third quarter. However, the company has also reported administrative and operating expenses, with a reserve fund and share capital of Rs. 3.13 Arba and Rs. 7.25 Arba, respectively.

  • “RULB Proposes 15% Dividend and 14.25% Bonus Shares for FY 2078/79, Pending Approval from Nepal Rastra Bank”

    “RULB Proposes 15% Dividend and 14.25% Bonus Shares for FY 2078/79, Pending Approval from Nepal Rastra Bank”


    Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has proposed a 15% dividend worth Rs. 3.9 Crores for the fiscal year 2078/79. This marks the company’s first dividend after being listed in NEPSE. The board of directors decided in its 86th meeting on Baisakh 13 to distribute 14.25% bonus shares and 0.75% cash dividend (including the amount for tax purposes) from the paid-up capital of Rs. 26 Crores. The bonus shares are valued at Rs. 3.7 crores, and the cash dividend is worth Rs. 19.50 lakhs. However, the dividend will only be distributed after receiving approval from Nepal Rastra Bank and endorsement by the upcoming AGM. RULB’s last-day close stands at Rs. 622.80 at the time of writing.

  • “Ankhukhola Hydropower Sales Revenue Drops by 11.09% to Rs. 15.4 Crores, Net Worth Per Share Falls Below Par Value at Rs. 71.25”

    “Ankhukhola Hydropower Sales Revenue Drops by 11.09% to Rs. 15.4 Crores, Net Worth Per Share Falls Below Par Value at Rs. 71.25”


     

    Ankhukhola Hydropower Company Limited (AKJCL) has released their Q3 financial report for the FY 2079/80, revealing a significant decrease of 71.59% in net profit compared to the same quarter in the previous year, with the current net profit standing at Rs. 86.52 Lakhs. Total revenue up to the third quarter of FY 2079/079 has also decreased by 11.09% to Rs. 15.4 crores. However, AKJCL will receive a grant of Rs. 4.62 crore from the Nepalese government for the installation of Ankhu Khola-1, which has not yet been included in their revenue. Additionally, the company has signed an agreement to invest 60% in Ganesh Himal Hydropower’s 20 M.W. Ankhu Khola-2 Hydropower project. The administrative and general expenses have increased by 18.37%, while the finance expenses have decreased by 7.26%. The paid-up capital of the company stands at Rs. 80 crore with a negative reserve of Rs. 23 crore in reserve fund, and the company reported an annualized EPS of Rs. 1.44 and net worth per share of Rs. 71.25.

  • Aatmanirbhar Laghubitta reports a decline in Q3 net profit by 27.64%

    Aatmanirbhar Laghubitta reports a decline in Q3 net profit by 27.64%


    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (AATMA) has reported a 27.64% decrease in net profit for Q3 of FY 2079/2080 compared to the same quarter of the previous fiscal year, according to its unaudited financial report. The company’s net profit declined to Rs. 4.46 crores from Rs. 6.1 crores in the corresponding quarter of the previous year. The decline in net profit is due to a decrease in net interest income by 17.19% and an increase in impairment charges by 437.70%, which caused the operating profit to decrease by 43.09%. AATMA’s borrowing stands at Rs. 8.53 Arba, while its loans declined by 11.38% to Rs. 1.27 Arba. The company recently issued an IPO of 1,69,755 units worth Rs. 1.69 crore to the public.

  • SEBON Approves Upper Syange Hydropower IPO Proposal

    SEBON Approves Upper Syange Hydropower IPO Proposal


     

    The Securities Exchange Board of Nepal (SEBON) has authorized Upper Syange Hydropower Limited’s proposed initial public offering (IPO) on Baisakh 13, 2080.

    The corporation will now issue 870,000 equity shares at NPR 100 per share. The issuance is worth Rs. 8.7 crore. This is equivalent to 39.55% of the company’s issued capital. The company’s total paid-up capital following the IPO allotment will be Rs 22 crores.

     

  • Supermai Hydropower earns a profit of Rs. 4.825 crores in the third quarter.

    Supermai Hydropower earns a profit of Rs. 4.825 crores in the third quarter.


     

    Supermai Hydropower Limited (SMH) reported a 41.20% decrease in net profit in the third quarter (Q3) of the current fiscal year 2079/80. Profit declined to Rs. 4.835 crores in this quarter from Rs. 8.22 crores in the previous year’s equivalent quarter.

     

  • SEBON has finally approved Nepal Republic Media’s IPO proposal.

    SEBON has finally approved Nepal Republic Media’s IPO proposal.


    The Securities Exchange Board of Nepal (SEBON) has authorized Nepal Republic Media Limited’s proposed initial public offering (IPO) on Baisakh 11.

    The corporation will now issue 4,353,000 equity shares at NPR 100 per share. The issuance is worth Rs. 43.53 crore. This represents 44.99% of the outstanding capital of the corporation. The company’s total paid-up capital following the IPO allotment will be Rs 96.75 crores.

    Mega Capital Markets Limited has been designated as the planned IPO’s issue manager.

    Nepal Republic Media Pvt. Ltd., the publisher of Nagarik Nepali Daily, Republica English Daily, and Shukrabar Weekly, is the first media company to become public.

  • SEBON has finally approved Ghorahi Cement Industry’s IPO proposal.

    SEBON has finally approved Ghorahi Cement Industry’s IPO proposal.


     

    The Securities Exchange Board of Nepal (SEBON) has authorized Ghorahi Cement Industry Limited’s proposed initial public offering (IPO) on Baisakh 06, 2080.

    The corporation will now distribute 7,943,801 unit shares. A total of 3,97,190 unit shares are reserved for project-affected locals, while the remaining 75,46,611 unit shares are designated for the general public. The IPO would be issued by the corporation by adding a premium of Rs 300 to the face value of Rs 100, for a total of Rs 400 for project-affected people. Similarly, shares for the general public will be issued at Rs 435 after a premium of Rs 345 is added to the face value.

     

  • Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3

    Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3


     

    Nepal Investment Mega Bank Limited (NIMB) has released its third-quarter report for fiscal year 2079/80, which shows a 22.96% increase in net profit. In the third quarter of fiscal year 2079/80, the bank’s profit grew to Rs 3.046 arba. Following the merger, the bank has a total paid-up capital of Rs. 34.12 Arba, reserves of Rs. 23.89 Arba, retained earnings of Rs 1.27 Arba, and a share premium of Rs 20.78 Crore.

     

  • ICRA Nepal confirms the rating of NIC ASIA Bank’s Rs 3 arba debenture as ICRANP LBBB.

    ICRA Nepal confirms the rating of NIC ASIA Bank’s Rs 3 arba debenture as ICRANP LBBB.


     

    ICRA Nepal Limited has confirmed NIC Asia Bank Limited’s grade. The rating has been removed from the ‘Watch with Negative Implications’ category and moved to the “Issuer Not Cooperating” category, with the following notification for rating withdrawal:

    The rating agency has assessed the bank’s NPR 3,000 million subordinated debenture as [ICRANP] LBBB “Issuer Not Cooperating”; it has been withdrawn from watch with negative implications and moved to the issuer not cooperating category with notice of withdraw

  • NMB Bank has completed the sale of its 10.75% -2089/2090 NMB Debenture.

    NMB Bank has completed the sale of its 10.75% -2089/2090 NMB Debenture.


    NMB Bank Ltd issued 40 lakh units of Debenture totaling Rs. 4,00,00,00,000 under the issue and sales management of NIBL Ace Capital Limited (Four Arba Rupees Only). The debenture has a 10-year term and pays 10.75% interest per year.

    The “NMB Debenture 10.75% – 2089/2090” issue was opened on 2079/12/21, was oversubscribed in 4 days, and was closed on 2079/12/