KATHMANDU, Jan 15: Commercial banks of Nepal earned profits of Rs 28.36 billion in the first five months of the current fiscal year.

KATHMANDU, Dec 5: The Nepal Rastra Bank (NRB) is said to allocate Rs 25 billion from its profit of the last fiscal year (FY) for the Government of Nepal. The board of directors of NRB approved the annual report, audited by external auditors for FY 2022/23.

KATHMANDU, Nov 4: The profits of Nepal’s commercial banks declined 18.60 percent in the first three months of the current fiscal year, thanks to the fall in demand for loans due to the ongoing economic slowdown.

KATHMANDU, August 20: Eight years ago, until 2015, Nepal struggled with over eight hours of daily power cuts due to electricity demand surpassing supply. Citizens could not even meet essential electricity consumption needs.

KATHMANDU, Aug 16: The profit of Nepal Telecommunication Company (Nepal Telecom) has decreased due to the reduction in the income of service sales and the increase in operating expenses. In the last fiscal year 2079/80 BS, the company reported a profit of Rs 7.80 billion.

Sony Corp. reported its latest financial results in Tokyo on Wednesday, with revenue at the pictures division down slightly to $2.3 billion, according to the report by The Hollywood Report.

KATHMANDU, July 20: Nepal’s commercial banks earned hefty profits of over Rs 67.23 billion in the first 11 months of the last fiscal year despite a slump in the country’s economic activities.

KATHMANDU, July 2: Nepal Oil Corporation (NOC) has announced a profit in the sale of LPG after a one-year period. According to Manoj Kumar Thakur, deputy director of NOC, the corporation has made a profit of Rs 7 per cylinder on LPG sales.

KATHMANDU, May 29: Nepal Electricity Authority (NEA) has earned more profit than Nepal Telecom. In the Fiscal Year (FY) 2022/23, the state-owned power utility earned Rs 13.37 billion net profit, while the profit of Nepal Telecom has been limited to Rs 8.47 billion.

KATHMANDU, Oct 8: Nepal Oil Corporation (NOC) has projected a profit of Rs 1.60 billion per month after a successive fall in the crude oil prices in the international market.

KATHMANDU, August 6: Nepali commercial banks increased their net profit by 23.14 percent in the last fiscal year as compared to that of the amount in 2020/21 despite facing shortage of loanable funds for almost a year.

The authority recorded a profit of over Rs 12 billion in the first six months of the current fiscal year

KATHMANDU, August 17: Nepal Electricity Authority (NEA)’s net profit in fiscal year 2020/21 stood at Rs 3.51 billion, a straight fall from Rs 11.68 billion in the previous year.

KATHMANDU, August 16: Nepal Telecom (NT) made an annual net profit of Rs 7.45 billion in the last fiscal year, a straight fall of 23.5 percent compared to that of the previous year.

KATHMANDU, Feb 14: Nepal Telecom (NT) has made a profit of Rs 3.28 billion in the first half of the current fiscal year. This is a decline of 33.46 percent in its profit as compared to the same period in the last fiscal year.

KATHMANDU, Dec 28: State-owned Nepal Oil Corporation (NOC) has earned a profit of 12.87 billion rupees in the FY 2019/20, compared to a profit of 8.75 billion rupees in the FY 2018/19.

KATHMANDU, Aug 18: Nepal Electricity Authority (NEA) has managed to earn a profit of Rs 11.6 billion in the last fiscal year 2019/20, according to the financial statement made public on the occasion of its 35th anniversary.

KATHMANDU, Aug 14: Nepal Electricity Authority (NEA) has earned a net profit of Rs 7.2 billion in the Fiscal Year 2018/19.

KATHMANDU, Aug 13: Nepal Electricity Authority has earned more than Rs seven billion in the last fiscal year.

KATHMANDU, April 22: The private telecom company Ncell has filed a writ petition at the Supreme Court on Tuesday arguing that the tax amount determined by the Large Taxpayers’ Office (LTO) earlier last week was not in accordance with the existing law.

KATHMANDU, April 14: Telecommunication service providers in Nepal are charging exorbitant tariffs and prices to consumers for mobile and telephone services, according to the audit report of Office of the Auditor General (OAG).

SEOUL, April 5: Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 60% from a year earlier amid falling memory chip prices and slowing demand for display panels.

Passion into Profit

July 10, 2018 11:45 am

Very few people out there actually understand the meaning of transposing passion into profit. In this digital era, one can make easy money by sitting at home or workplace.

DHARAN, June 6: Wholesale liquor stores have taken advantage of the increased excise duty on liquor imposed by the Fiscal Year 2018/19 budget.

KATHMANDU, April 6: Prime Minister KP Sharma Oli has stated that Nepal was committed to bring visible changes in the country by fostering bilateral economic engagements with India.

North Korea, Feb 4: On the surface, there is nothing remarkable about this sleepy fishing port in Maputo. But hidden from view, wedged between the other boats and ships docked there, are the rusty Susan 1 and Susan 2. These are not ordinary fishing vessels, but sanctions-busting trawlers manned by crews from North Korea.

KATHMANDU, Dec 25: The Supreme Court cleared the way for telecom company Ncell to repatriate its dividend from Nepal on Sunday. A division bench of Justices Om Prakash Mishra and Kedar Prasad Chalise allowed repatriation of profits earned by Ncell.

KATHMANDU, Nov 5: The net profits of almost half of the commercial banks who have published their financial results have gone up in the first quarter of the current Fiscal Year 2017/18.

KATHMANDU, Sept 4: The government has sealed the Durbarmarg-based shoe outlet Bentley for selling shoes at an exorbitantly high price.

KATHMANDU, August 29: The net profit of 23 commercial banks has crossed the billion-mark in the last Fiscal Year 2016/17. Six commercial banks are the new members to the club of commercial banks with net profit of over Rs 1 billion.

KATHMANDU, Aug 11: Nepal Stock Exchange (Nepse) benchmark index fell 11.52 points this week to close at 1,653.53 points on Thursday -- the last trading day of the week. The stock market, which was posting gains till last week following a long slump, again took a dive this week. Analysts say that the correction was mainly due to profit booking mentality of investors.

Facebook profit up 71%

August 9, 2017 16:48 pm

Facebook Inc. has said profit rose 71% in the second quarter, as the social-media giant developed new products to offset concerns about slowing growth.

KATHMANDU, June 19: Consumer right activists have said that consumers are not benefiting from falling oil prices in the international market.

NOC earning Rs 340 m profit monthly

June 16, 2017 17:54 pm

KATHMANDU, June 16: Having suffered a huge loss previously, Nepal Oil Corporation is making a profit of Rs 340 million monthly.

KATHMANDU, May 28: Out of 35 public enterprises, 23 were found making profit, while 12 incurring loss this fiscal year.

KATHMANDU, May 23: The article of association of Nepal Oil Corporation (NOC) says that the sole objective of the corporation is to distribute petroleum products by adding administrative costs on import price and ensure smooth supply in the market.

KATHMANDU, May 18: Shortage of lendable fund, which nearly brought credit flow to a halt since the beginning of the current fiscal year, did not seem to have affected profit of banking industry.

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of town hall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

HELSINKI, Feb 5: Nokia Corp. says fourth-quarter profit fell to 633 million euros ($682 million) from 1.8 billion euros a year earlier, but sales almost doubled to 6.6 billion euros.

KATHMANDU, Jan 30: Nepal Rastra Bank (NRB) has made it mandatory for bank and financial institutions (BFIs) to set up a corporate social responsibility (CSR) fund and allocate at least 1 percent of their total net profit in the fund.

KATHMANDU, Jan 7: Pro-Ed Multipurpose Co-operative Ltd., a cooperative that mainly prioritizes education as the field for investment, has held its Ninth Annual General Meeting in Mid Baneshwar, Kathmandu on Saturday.

Api Power reports 583% rise in profit

November 16, 2016 21:45 pm

KATHMANDU, Nov 16: Api Power Company Ltd has reported a 583.49 percent rise in its profit in the first quarter of the current fiscal year.

BARDIYA, Nov 12: Public hospitals in Bardiya district have been charging patients against the government's free medicine policy.

KATHMANDU, Aug 17: Despite increase in investment by Nepal Army's Welfare Fund in various sectors, the profit declined in the fiscal year 2072/073 due various factors including fluctuation in bank interest rates, the devastating earthquake of April 2015 and Indian blockade.

KATHMANDU, July 16: Nepal Stock Exchange (Nepse) index shed 4.38 points this week to close at 1,718.15 points on Thursday -- the last trading day of the week.