The latest NAV report for “Shubha Laxmi Kosh,” an open-ended fund, has been released. As of the month of Baisakh, the fund size stands at Rs. 28.14 crores. The NAV for Baisakh is recorded at Rs. 9.26. Shubha Laxmi Kosh has invested Rs. 17.22 crores in listed shares and an amount of Rs. 488,276.89 in […]
Shiva Shree Hydropower Limited (SSHL) has released its third-quarter report for the fiscal year 2079/80, revealing a net loss of Rs. 23.79 crores. In comparison, the company had incurred a loss of Rs. 28.90 crores during the corresponding quarter of the previous fiscal year. Despite reducing its administrative and other expenses by 46.03% to Rs.
Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has recently released its third-quarter report, revealing a significant shift from profit to a Net Loss of Rs. 1.21 crores compared to the profit of Rs. 1.02 crores earned in the corresponding quarter of the previous fiscal year. The company’s core revenue source, Net Interest income, experienced a decline
Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has released its third-quarter report for the current fiscal year, showing a decreased net profit of Rs. 1.38 crores. In the corresponding quarter of the previous fiscal year, the company had recorded a profit of Rs. 11.83 crores. The microfinance company’s net interest income, which is its core revenue,
Nepal Telecom (NTC) Releases Q3 Report with Stable Net Profit, Increased Investments, and Strong Financial Position Nepal Doorsanchar Company Limited (NTC), commonly known as Nepal Telecom, has published its third-quarter report for the fiscal year 2079/80. The report reveals that the company has achieved almost similar figures in Net Profits compared to the corresponding quarter
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
The “Global IME Balanced Fund – 1 (GIBF1)” NAV report for Chaitra has been released. The “Global IME Balanced Fund – 1” is a closed-end fund with a 10-year maturity horizon. The fund size of Global IME Balanced Fund – 1 is Rs. 1.02 Arba.
Prudential Insurance had its 21st Annual General Meeting (AGM) on Chaitra 16, 2079, under the chairmanship of Mr. Vishal Agrawal. Apart from standard financial reports, the AGM approved a taxation proposal of 3.325% bonus shares and 0.17% cash dividend. According to the media announcement, the company’s paid-up capital would increase to Rs 1.22 arba.
The “Mega Mutual Fund 1 (MMF1)” NAV report for the month of Falgun has been released. “Mega Mutual Fund 1” is a closed-end fund with a 10-year maturity period. The fund size for the initial issue was Rs. 1.25 Arba. The fund has invested Rs. 83.86 crores in Falgun’s listed shares. Non-listed shares were worth
Insurance companies are competing with one another to collect more premiums. Out of its 1.4 crore total active insurance policies, life insurance companies collected a total premium of Rs. 93.75 Arba during the fiscal year 2079/80. According to a report published by the Nepal Insurance Authority, Nepal Life Insurance Company Limited collected Rs. 24.37 Arba
. The financial highlights for the month of Falgun have been published by NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital. The period’s NAV was Rs. 10.73, which was lower than the previous month’s NAV of Rs. 11.26. The scheme started with a Rs. 75.50 crore
Himalayan Reinsurance Limited reported a net profit of Rs. 4.63 crores for the fiscal year 2079/2080’s second quarter. The company’s net profit fell by 62.83% in the second quarter. In this quarter, the company’s paid-up capital was Rs. 7 Arba, while its reserve and surplus were Rs. 17.7 Crores. This quarter, the company earned Rs.
Salt Trading Corporation Limited (STC) has released its second-quarter report for fiscal year 2079/2080, which shows a 47.39% increase in net profit. The company’s net profit increased to Rs. 1.88 crores in Q2, 2079/2080 from Rs. 1.27 crores in the previous year’s corresponding quarter. The company’s sales revenue (revenue from operations) fell by 1.63% in
On Falgun 14, 2079, Infinity Laghubitta held its sixth annual general meeting (AGM) for the fiscal year 2078–2079 under the direction of its chairman, Mr. Bala Ram Bista. The AGM has approved the board’s request to distribute 20% bonus shares worth Rs 8.29 crore to its shareholders from the profit it had generated in the
AGM approval of the merger with Sagarmatha Insurance and the proposal of 6.99% bonus shares and 0.3679% cash dividend for taxation purposes are both mentioned in the media release in addition to the usual financial reporting. According to the press release, the AGM authorized the board to carry out all merger-related responsibilities and approved the
