Nepal Republic Media’s profit soars by 288.23 percent in FY 2023/24

KATHMANDU, Aug 15: Nepal Republic Media (NRM) has reported a profit of Rs 4.077 million for the fourth quarter of the previous fiscal year 2023/24, marking a 288.23 percent increase from the previous year’s profit of Rs 1.05 million. Despite the profit growth, the company’s revenue for the same period dropped by 16.30 percent to Rs 188 million, down from Rs 224.6 million last year. The company also reported other incomes of Rs 8.552 million.

Administrative expenses stood at Rs 56 million, with IPO expenses at Rs 3.8 million, and sales and distribution expenses at Rs 15.7 million. The company’s retained earnings are negative by Rs 500.57 million, with short-term debt at Rs 169.3 million and long-term debt at Rs 119.6 million. NRM’s paid-up capital is Rs 967.5 million, with total current assets of Rs 672.9 million and total current liabilities of Rs 329.9 million.

The earnings per share (EPS) of the company is Rs 0.42, with a net worth per share of Rs 88.77, total assets per share at Rs 137.39, and a liquidity ratio of 2.04 percent.