NRN Infrastructure and Development Limited (NRN) has published its second-quarter report for the fiscal year 2080/2081, indicating a significant increase in net profit by 188.03%. Despite this surge, the net profit rose to Rs. 1.63 crores compared to Rs. 56.78 lakhs in the same quarter of the previous year.
The company’s paid-up capital stands at Rs. 1.22 billion, with retained earnings amounting to Rs. 6.47 crores and an investment revaluation reserve of Rs. 54.15 crores. During Q2 of FY 2080/81, NRN has invested Rs. 34.27 crores in associates.
Highlights:
- Corporate Development Bank Posts Stunning 2838% Profit Increase
- Super Madi Hydropower Shines with Rs. 9.02 Crore Earnings Surge in Q3 FY 2080/81
- Sun Nepal Life Insurance Sees 11.06% Surge in Q3 Net Profit
- Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit
- NHPC’s Q3 Report: Mixed Results and Positive Trends Revealed