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Goodwill Finance's net profit drops by 86.68%. 3
Business | Market | Economy

Goodwill Finance’s net profit drops by 86.68%.

In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year. The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges

SEBON has finally approved Ghorahi Cement Industry's IPO proposal. 9
IPO | FPO

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

Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3 11
Business | Market | Economy

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.  

Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta's net profit falls in the third quarter; NPL rises to 1.37% 27
IPO | FPO

Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%

RSDC Laghubitta Bittiya Sanstha (RSDC) has released its third-quarter report for FY 2079/2080, which shows an 8.81% decrease in Net Profit. According to the company’s report, net profit fell to Rs. 8.69 crores from Rs. 9.43 crores in the previous year’s similar period. The company’s distributable profit after PL Appropriation and Regulatory Adjustments was Rs

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