Business | Market | Economy

Support Laghubitta Bittiya Sanstha Limited (SMB) Reports Impressive Q2 Fiscal Performance with 246.82% Surge in Net Profit

Mero Share / January 26, 2024

In the recently disclosed second-quarter fiscal report for the year 2080/2081, Support Laghubitta Bittiya Sanstha Limited (SMB) exhibited a remarkable financial performance, witnessing a substantial 246.82% increase in net profit. The net profit surged from Rs. 24.91 lakhs to Rs. 86.42 lakhs when compared to the corresponding quarter of the previous year. Despite a 5.39% […]

Business | Market | Economy

Kutheli Bukhari Small Hydropower (KBSH) Ends Lock-In: 6,093 Mutual Fund Shares Unlocked

Mero Share / January 23, 2024

Kutheli Bukhari Small Hydropower Limited (KBSH) has notified its investors and stakeholders about the recent expiration of the lock-in period for 6,093 unit shares held by Mutual Funds. This lock-in period, as per the directives from the Securities Board of Nepal (SEBON), had commenced on Kartik 20, 2080, and concluded on Magh 6, 2080. Among

Business | Market | Economy

NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project

Mero Share / January 23, 2024

NIMB Ace Capital Limited and Mount Everest Power Development Limited have entered into an agreement for the issuance of 2,580,000 ordinary shares. These shares will be made available to local residents in areas affected by the project and the general public, constituting 30 percent of the total issued capital. The signing ceremony included Mr. Arjun

Business | Market | Economy

Infinity Laghubitta’s AML/CFT and Quality Growth Training: Empowering Employees for Excellence

Mero Share / January 22, 2024

Infinity Laghubitta Bittiya Sanstha Limited demonstrates its commitment to excellence and regulatory compliance by conducting AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) & Quality Growth Training for all branch office employees in Bara, Parsa, and Rautahat within the Madhesh Province. Under the leadership of Mr. Gyanishwor Panta, Deputy Chief Executive Officer and program chair, the training

Business | Market | Economy

Shangri-la Development Bank Promoter Shares Auction Commences Today!

Mero Share / January 22, 2024

Shangri-la Development Bank Limited (SADBL) presents a unique investment opportunity as its existing promoters initiate the auction of 1,76,040 units of shares to both the general public and institutions starting from the 8th of Magh, 2080. In this exclusive offering, Nawaraj Bajagain is set to sell 5,030 units, while Iman Bahadur Gurung plans to

Business | Market | Economy

Nepal Investment Mega Bank Q2 Report: 13.62% Net Profit Decline Amid Strong Financial Position

Mero Share / January 21, 2024

Nepal Investment Mega Bank Limited (NIMB) has recently disclosed its financial performance for the second quarter of fiscal year 2080/81, indicating a 13.62% decrease in net profit, which now stands at Rs 1.08 Arba. Despite the decline in net profit, the bank remains in a strong financial position with a total paid-up capital of Rs.

Business | Market | Economy

Muktinath Bikas Bank Q2 FY 2080/81: 32.93% Net Profit Drop

Mero Share / January 21, 2024

Muktinath Bikas Bank Limited (MNBBL) has disclosed its second-quarter report for the fiscal year 2080/81, revealing a notable 32.93% decrease in net profit, dropping from Rs. 62.62 Crores in Q2 FY 2079/80 to Rs. 42 Crores in Q2 FY 2080/81. Concurrently, the bank reported a negative distributable profit after PL Appropriation and Regulatory Adjustments, amounting

Business | Market | Economy

Laxmi Sunrise Bank Q2 Report: Modest Profit Dip Amidst Impressive Growth and NPL Concerns

Mero Share / January 21, 2024

Laxmi Sunrise Bank Limited (LSL) has shared its financial results for the second quarter of the fiscal year 2080/81, reporting a small 1.66% decrease in net profit to Rs. 1.05 Arba compared to the same period last fiscal year when it earned Rs. 1.07 Arba. The bank showcased positive growth with a remarkable 104.66% increase

Business | Market | Economy

Citizens Bank Q2 Report: Profits Dip 6.96%, Challenges Emerge

Mero Share / January 21, 2024

Citizens Bank International Limited (CZBIL) has disclosed its financial performance for the second quarter of fiscal year 2080/81, revealing a 6.96% decline in net profit to Rs 78.27 Crores. The bank’s total paid-up capital is reported at Rs. 14.20 Arba, with reserves amounting to Rs. 6.77 Arba. However, retained earnings have recorded a negative value

Business | Market | Economy

MBL Promoter Shares Auction Launched

Mero Share / January 19, 2024

Surendra Mahato has initiated the auction of 1,12,32,492 units of promoter shares from Machhapuchchhre Bank Limited (MBL). The auction period spans from the 5th to the 15th of Magh, 2080. A total of 1,12,32,492 promoter shares of MBL are up for auction, open to interested shareholders, including the general public and institutions. The auction allows

Business | Market | Economy

NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications

Mero Share / January 19, 2024

NIMB Ace Capital Limited has decided to extend the deadline for the “NIBL Stable Fund” mutual fund scheme to the general public and institutions until the 16th of Magh, 2080. Originally set to close on the 5th Magh, 2080, the extension was prompted by the scheme’s insufficient applications. Out of a total of 10 crore

Business | Market | Economy

Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase

Mero Share / January 19, 2024

Machhapuchchhre Bank Limited (MBL) has recently unveiled its financial performance for the second quarter of the fiscal year 2080/81, providing insights into key metrics. In this quarter, MBL witnessed a notable 21.45% decline in net profit, falling from Rs. 1.02 Arba in Q2 FY 2079/80 to Rs. 80.53 Crores in Q2 FY 2080/81. The bank

Business | Market | Economy

National Laghubitta Bittiya Sanstha Limited Initiates Auction of 63,242 Shares to General Public

Mero Share / January 18, 2024

The current promoters of National Laghubitta Bittiya Sanstha Limited (NMFBS) have initiated the auction of 63,242 units of shares to the general public, starting from the 4th of Magh, 2080. Individuals interested in acquiring these shares are invited to participate in the auction, with a deadline of 10 days from the publication date of this

Business | Market | Economy

Siddhartha Premier Insurance Limited Initiates Auction of 300,000 Promoter Shares

Mero Share / January 17, 2024

The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the auction of 300,000 units of promoter shares, making them available for interested promoter shareholders, as well as the general public and institutions. The auction period spans from the 3rd Magh to the 11th Magh of the year 2080. The auction entails the sale

Business | Market | Economy

Mirmire Laghubitta Reports 41.48% Decline in Q2 Net Profit for FY 2080/2081

Mero Share / January 17, 2024

In the second quarter report of the fiscal year 2080/2081, Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) disclosed a significant 41.48% decrease in net profit. According to the company’s published report, the net profit declined from Rs. 5.81 crore in the corresponding quarter of the previous year to Rs. 3.4 crore. Various financial metrics also showed