The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79). […]
The import of electric vehicles in the month of Jestha saw a significant rise, with 3,800 units being imported. This increase in import numbers was observed as businesses are increasingly turning to electric vehicles due to challenges in importing petroleum vehicles. The customs department provided statistics indicating that the import consisted of electric cars,
Kathmandu Metropolitan City (KMC) has been successful in collecting revenue amounting to Rs. 8 Arba during the 11 months of the current financial year. Dhruv Kafle, who heads the Revenue Department, mentioned that the collected amount of Rs. 8 Arba 29 crores 95 lakhs 59 thousand 278 came from internal income, revenue distribution, and
The Department of Tourism (DoT) in Nepal has achieved a significant milestone by generating royalty of NRs. 66.64 crores through the issuance of expedition permits for Mt. Everest, the highest mountain in the world. As of May 14, 2023, during the ongoing Spring expedition season, a total of 478 expedition permits have been issued for
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
Salt Trading Corporation Limited (STC) has recently published its third-quarter report for the ongoing fiscal year, revealing a nearly twofold increase in Net Profit, amounting to Rs. 3.71 crores. The company’s primary revenue source, sales, demonstrated a noteworthy growth of 17.44%, reaching Rs. 5.77 Arba. However, the selling expenses experienced a more significant surge of
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,
NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has released its third-quarter report for the fiscal year 2079/80, revealing a significant decline in net profit. The company’s net profit stood at Rs. 1.15 crores, representing a decrease of 89.80% compared to the same quarter of the previous fiscal year. Personnel expenses reported by the company for the
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has released its third-quarter report for the fiscal year 2079/2080, revealing a net profit of Rs. 5.24 crores. This marks a significant decline of 52.80% compared to the corresponding quarter of the previous fiscal year, which reported a net profit of Rs. 11.11 crores. MLBSL has witnessed a substantial
Balephi Hydropower Limited (BHL) has released its third-quarter report for the current fiscal year, revealing a significant net loss of Rs. 23.72 crores. In comparison, during the third quarter of the previous fiscal year 2078/79, the company had reported a net loss of Rs. 6.06 lakhs. During the third quarter of the current fiscal year,
Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, showcasing a remarkable surge in Net Profit by 476.52% compared to the corresponding quarter of the previous fiscal year. The company has achieved an impressive Net Profit of Rs. 23.88 crores. TRH, the operator of Hyatt Regency Hotel, has also experienced
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
The Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, revealing a significant surge in Net Profit. Compared to the same quarter in the previous fiscal year, the company’s Net Profit has increased by an impressive 476.52%, amounting to Rs. 23.88 crores. TRH, the operator of Hyatt Regency Hotel, has
Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has released its third-quarter report for FY 2079/2080, revealing a significant decline in net profit by 85.22%. According to the report, the net profit decreased to Rs. 3.15 crores, compared to Rs. 21.37 crores in the corresponding quarter of the previous year. The company’s borrowings decreased by 5.57% to
NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has released its third-quarter report for FY 2079/2080, indicating a significant decline in net profit by 58.93%. According to the report, the net profit dropped to Rs. 23.24 crore, compared to Rs. 56.60 crore in the same quarter of the previous year. The company’s borrowings decreased by 12.91%
