Tag: Year

  • Listing of 4,77,020 Bonus Shares of Asha Laghubitta Bittiya Sanstha Limited (ALBSL) on NEPSE

    Listing of 4,77,020 Bonus Shares of Asha Laghubitta Bittiya Sanstha Limited (ALBSL) on NEPSE


    Asha Laghubitta Bittiya Sanstha Limited (ALBSL) Lists 4,77,020 Bonus Shares on NEPSE at an LTP of Rs. 670

    Following the convening of its 6th Annual General Meeting on 11th Chaitra, Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has listed 4,77,020 unit bonus shares on the Nepal Stock Exchange (NEPSE). The AGM had approved a 15% dividend for the fiscal year 2078/79, with the board of directors deciding to distribute 14.2857% bonus shares and 0.7143% cash dividend (for tax purposes) based on the paid-up capital of Rs. 33.39 Crores. The bonus shares have now been officially listed on NEPSE, and as of the latest update, ALBSL is trading at an Last Traded Price (LTP) of Rs. 670.

  • 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.

  • Analysis of Nepal Rastra Bank’s Third Quarter Monetary Policy Review for Fiscal Year 2079/80

    Analysis of Nepal Rastra Bank’s Third Quarter Monetary Policy Review for Fiscal Year 2079/80


    The Nepal Rastra Bank (NRB) has recently published its third quarterly review of the monetary policy for the fiscal year 2079/80. The primary objectives of the NRB, as outlined in the Nepal Rastra Bank Act of 2058, are to ensure price and exchange stability for the overall economic stability and long-term growth of the country.

    Considering the prevailing economic and financial conditions, the NRB has formulated and implemented the necessary monetary policies to achieve these objectives. Adhering to the rule of reviewing the economic and financial situation on a quarterly basis, the focus of this review is on the third quarter of the current fiscal year.

  • 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.

  • Prabhu Life Insurance proposes dividend for the first time

    Prabhu Life Insurance proposes dividend for the first time


    Prabhu Life Insurance Limited (PLI) has proposed a dividend of 10.526% for the fiscal year 2077/78. This is the first dividend the company has proposed since being listed on the Nepal Stock Exchange (NEPSE).

    The company’s board of directors, at its 140th meeting held on Baisakh 25, has decided to distribute a dividend consisting of 10% bonus shares and 0.526% cash dividend (including tax). PLI has a paid-up capital of Rs. 2 Arba, making the bonus shares worth Rs. 20 crores and the cash dividend worth Rs. 1.05 crores.

    However, it’s important to note that this dividend is subject to approval by the Nepal Insurance Authority and endorsement at the upcoming AGM.

    As of writing, the company’s closing price on the last trading day stands at Rs. 390.

     

  • Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79

    Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79


    Garima Bikas Bank Limited has distributed 13% bonus shares directly to the DEMAT account of its shareholders and has urged them to dematerialize their shares. This was announced after the bank’s 16th AGM where it also endorsed a 14.5% dividend worth Rs. 66.56 Crores for the fiscal year 2078/79. The board of directors meeting held later decided to distribute a 14.5% dividend on the paid-up capital of Rs. 4.59 Arba.

    In addition to the bonus shares, 1.50% cash dividend worth Rs 6.88 Crores was proposed. The bonus shares were already listed in NEPSE. The bank has also requested its shareholders to pay the tax amount for the 16% bonus shares proposed for FY 2077/2078. The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NIBL Ace Capital Limited.

    The bank’s decision to distribute bonus shares and dividends is expected to benefit its shareholders. The distribution of bonus shares will increase their ownership in the bank, while the dividend payment will provide them with a direct cash payment. The bank has also encouraged its shareholders to dematerialize their shares. This will facilitate electronic trading of shares, making it easier for shareholders to trade them in the secondary market.

  • Manakamana Smart Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 2079/2080

    Manakamana Smart Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 2079/2080


    Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has published its third-quarter report for the fiscal year 2079/2080, which shows a significant decline in net profit by 108.05% compared to the same quarter in the previous year. The net profit dropped to a negative of Rs. 42.52 lakhs from Rs. 5.28 crores.

    The company’s borrowings decreased by 29.92% to Rs. 37.6 crores, and deposits increased by 17.57% to Rs. 4.69 crores. Loans and advances also decreased by 13.91% to Rs. 93.49 crores during this quarter.

    MKLB’s net interest income (core revenue) decreased by 25.73% to Rs. 4.15 crores compared to Rs. 5.59 crores in the corresponding quarter of the previous year. The company’s paid-up capital stood at Rs. 14.17 crores, and its reserve and surplus stood at Rs. 1.87 crores, showing a decrease of 41.98% in this quarter.

    The cost of funds slightly increased to 9.83% from 8.08% in the corresponding quarter, and the non-performing loans increased to 4.91%. The annualized earnings per share (EPS) for MKLB stand at Rs. -4, while the net worth per share is Rs. 113.2.

    In summary, MKLB’s third-quarter report showed a massive decline in net profit, a decrease in borrowings, an increase in deposits, and a decrease in loans and advances. Additionally, the company’s net interest income, reserve and surplus, and earnings per share have decreased, while the cost of funds and non-performing loans have slightly increased.

  • Liberty Energy Company approves right shares and elects new board members during 13th AGM

    Liberty Energy Company approves right shares and elects new board members during 13th AGM


    Liberty Energy Company held its 13th Annual General Meeting on April 8th, 2023, with Mr. Kush Kumar Joshi as the chair. During the meeting, all financial reports from the previous fiscal year were approved. The meeting also endorsed a proposal to offer 50% of right shares, equivalent to Rs 75 crore, to existing shareholders. Additionally, the election of new board members was approved, including Dr. Aatma Ram Ghimire, Mr. Shyam Bahadur Khadka, Mr. Rajendra Wasti, Mr. Puruswotam Ghimire, and Ms. Kabita Pokharel from the promoter group. Mr. Lochan Koirala from the public group and Ms. Anugya Sapkota were elected as independent board directors.

    Liberty Energy Company currently operates three projects, which are Upper Dordi A and Lodo Khola in Lamjung and Badighad Khola in Gulmi, as stated in the media statement.

    Liberty Energy Company held its 13th Annual General Meeting, where financial reports from the previous fiscal year were approved. The company also approved the proposal to offer 50% of right shares worth Rs 75 crore to existing shareholders. Moreover, the meeting elected new board members, including five members from the promoter group and two independent board directors.

    Lastly, the media statement indicated that Liberty Energy Company is operating three projects: Upper Dordi A and Lodo Khola in Lamjung and Badighad Khola in Gulmi.

  • AHPC Distributes 8% Bonus Shares and Dividend Worth Rs. 21.11 Crores, Encourages Shareholders to Dematerialize Shares

    AHPC Distributes 8% Bonus Shares and Dividend Worth Rs. 21.11 Crores, Encourages Shareholders to Dematerialize Shares


    Arun Valley Hydropower Development Company Limited (AHPC) has recently given out 8% bonus shares to its shareholders. The bonus shares were distributed directly to the DEMAT accounts of the shareholders. AHPC has also encouraged its shareholders to dematerialize their shares. Dematerialization refers to the process of converting physical shares into electronic format.

    During the 25th Annual General Meeting (AGM) held on 27th Magh for the fiscal year 2078/79, AHPC approved an 8.421% dividend worth Rs. 21.11 Crores. The board of directors of AHPC, in a meeting held on Mangsir 16, decided to distribute the dividend to its shareholders based on the paid-up capital of Rs. 1.72 Arba. The dividend comprised of 8% bonus shares worth Rs. 13,83,67,600 and 0.421% cash dividend (for tax purposes) worth Rs. 72,81,595. It is important to note that the bonus shares have already been listed in the Nepal Stock Exchange (NEPSE).

    In order to receive the bonus shares and the cash dividend, shareholders of AHPC will need to dematerialize their shares at Muktinath Capital Limited, which is located in Naxal, Kathmandu. This is because the bonus shares have already been issued in electronic form, so shareholders will need to have DEMAT accounts to receive them. The company has urged its shareholders to dematerialize their shares to ensure a smooth and efficient transfer of shares and dividends.

  • Modi Energy Limited’s IPO oversubscribed by 2.14 times; Issue to close today

    Modi Energy Limited’s IPO oversubscribed by 2.14 times; Issue to close today


    Modi Energy Limited is wrapping up its IPO issuance of 55,59,420 unit shares worth Rs. 100 each to the general public from today i.e. May 7, 2023. The issue was opened on May 1, 2023. However, the IPO issue is already oversubscribed by 2.14 times so far as 1,062,761 applicants have applied for a total of 11,915,310 units.

    The company had issued 29,00,000 unit shares worth Rs. 29 crores to the project-affected locals of Parbat District out of which only 804,390 units or 27.73% were allotted to valid applicants. Thus, the remaining 20,95,610 units of unsubscribed shares of project-affected locals are added to 43,50,000 units reserved for the general public to make a total of 64,45,610 units for the general public.

    Sunrise Capital Limited is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 100,000 units. The IPO shares are for the Hydroelectric Project (HEP) of the 20 MW run-of-river, Tallo Modi Khola Hydropower Project (TMKHP) constructed under the “BOOT” (Build, Own, Operate, and Transfer) model in the Parbat district of Nepal. It came into operation on September 30, 2021.

    The company has been promoted by institutional promoters and individual businessmen with long experience in various sectors for setting up the hydroelectric project. Overall, 75% of shares are of the promoter shareholders in the company. CARE Ratings Nepal Limited (CRNL) has revised the Issuer Rating of Modi Energy Limited to “CARE-NP D (Is)” from “CARENP BB+ (Is)”. Issuers with this rating are considered to be in default or are expected to be in default soon.

    The IPO shares have already attracted significant interest from the public, and it remains to be seen how the company performs in the coming years.

  • Nepal Investment Mega Bank to issue Rs 4 arba worth Debenture with 10% interest rate

    Nepal Investment Mega Bank to issue Rs 4 arba worth Debenture with 10% interest rate


    Nepal Investment Mega Bank has decided to issue debentures worth Rs. 4 arba, and they have chosen Prabhu Capital as the issue manager for this process. The debentures will be offered to the general public as well as institutional investors. The duration of the debenture is for ten years and it will provide a 10% interest rate annually.

    The bank’s Senior Deputy CEO, Mr. Mahesh Sharma Dhakal, and CEO of Prabhu Capital, Mr. Asish Gauchan, signed the Memorandum of Understanding (MoU) at a program held for this purpose. The appointment of Prabhu Capital as the issue manager and the signing of the MoU have been communicated to the public via a media statement.

    By offering debentures to the public, Nepal Investment Mega Bank is essentially offering a fixed interest rate investment option to the investors for the next ten years. The interest rate of 10% is expected to provide an attractive return to the investors, while also helping the bank raise funds for its operations and future investments.

    Prabhu Capital, as the issue manager, will be responsible for overseeing the entire debenture issuance process, including the marketing and distribution of the debentures to potential investors. As a merchant bank, Prabhu Capital has experience in managing and underwriting various types of securities, and its involvement is expected to ensure a smooth and successful debenture issuance process.

    Overall, the appointment of Prabhu Capital as the issue manager for Nepal Investment Mega Bank’s debenture issuance is a positive development for both the bank and potential investors. It provides investors with an attractive investment option, while also enabling the bank to raise funds for its operations and growth.