Citizen Life Insurance Company Limited (CLI) has unveiled its financial report for the third quarter of the fiscal year 2080/2081, unveiling an impressive 87.35% surge in net profit. The company’s net profit surged to Rs. 28.13 crores, marking a substantial increase from the Rs. 15.01 crores reported in the corresponding quarter of the previous fiscal […]
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) announces the auction of its existing promoter’s 1,20,000 units of shares, providing an opportunity for investors to acquire a stake in the company. The auction will run from today, 31st Baishakh, to 7th Jestha, 2081. Interested individuals, companies, and institutions meeting the qualification criteria are eligible to participate
Himalayan Re-Insurance Limited (HRL) has made headlines with its outstanding financial performance in the third quarter of the fiscal year 2080/81. The company reported a staggering 100% surge in net profit, reaching Rs. 93.11 crore, compared to Rs. 46.43 crore in the same period last year. HRL, a leading player in the insurance sector, displayed
In today’s market update, gold prices have surged by Rs. 500 per tola compared to Friday’s rates, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current value of fine gold stands at Rs. 1,38,400 per tola, reflecting a notable increase from Friday’s price of Rs. 1,37,900 per tola. Similarly, Tejabi
Muktinath Krishi Company Limited (MKCL) has released its financial report for the third quarter of FY 2080/2081, revealing a remarkable upswing in earnings. The company disclosed a net profit of Rs. 2.12 Crores for the quarter, marking a significant turnaround from the net loss of Rs. 2.99 crores in the corresponding quarter of the previous
Asian Life Insurance Company Limited (ALICL) has unveiled its third-quarter financial report for FY 2080/2081, showcasing an impressive surge of 254.92% in net profit. The company’s net profit soared to Rs. 69.11 crores, marking a substantial increase from the Rs. 19.47 crores recorded in the corresponding quarter of the previous fiscal year. ALICL maintains a
United Ajod Insurance Limited (UAIL) has unveiled its third-quarter financial results for the fiscal year 2080/2081, showcasing a remarkable surge in net profit. The company’s net profit experienced a significant jump of 46.06%, reaching Rs. 27.42 crores compared to Rs. 18.77 crores in the same quarter of the previous fiscal year. UAIL boasts a paid-up
Laxmi Sunrise Bank Limited (LSL) has announced the commencement of an auction for 75,88,397 units of shares by its existing promoter. Promoter shareholders interested in acquiring these shares are invited to participate in the auction process. Interested promoter shareholders are requested to submit their details to the central office of the bank located at Hattisar,
In a recent development, SuryaJyoti Life Insurance Company Limited (SJLIC) has declared a substantial 35% dividend for the fiscal year 2079/80. Shareholders are in for a treat as the company distributes 10.26% bonus shares and 24.74% cash dividend. The total worth of the dividends amounts to Rs. 1.12 Arba, bringing good news to investors. The
Today witnessed a significant surge in the price of gold, a highly sought-after commodity in the market. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current rate of fine gold stands at Rs. 1,37,900 per tola, marking a substantial increase of Rs. 2,300 compared to yesterday’s price of Rs. 1,35,600
Unilever Nepal Limited (UNL) has unveiled its financial performance for the third quarter of the fiscal year 2080/81, showcasing remarkable growth in net profit. The company’s net profit soared by 30.46%, reaching Rs. 48.61 Crores, a substantial increase from Rs. 37.26 Crores recorded in the same quarter of FY 2080-81. Moreover, UNL’s revenue for the
The price of fine gold in Nepal has experienced a notable decrease, falling by Rs. 800 to now trade at Rs. 1,35,600 per tola, according to the latest figures from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The prior rate was Rs. 1,36,400 per tola. Tejabi gold, similarly, has seen a price
The Nepal Stock Exchange (NEPSE) Index experienced a positive shift, climbing by 0.28% or 5.63 points to close at 1,966.23 points today, recovering from a previous loss of 2.06 points. The trading began at 1,963.45 and saw highs and lows ranging from 1,970.55 to 1,955.15, indicating a volatile day for traders. A total of 49,332
Salt Trading Corporation Limited (STC), in its latest financial update, has reported a significant profit increase in the third quarter of the fiscal year 2080-81. The company’s net profit rose to Rs. 5.19 crores, marking a 40% increase compared to Rs. 3.71 crores in the same period last year. STC’s financial health is robust, with
Nepal Reinsurance Company Limited (NRIC) has announced that its 9th Annual General Meeting (AGM) is scheduled for the 17th of Jestha, 2081. The event will be held at Anupam Foodland And Banquet in Battisputali, Kathmandu, starting from 9:30 AM. One of the major points on the agenda is the approval of a 5% dividend for
