KATHMANDU, Feb 12: Nepal Telecom (NT) earned net profits of Rs 3.93 billion in the first six months of the current fiscal year, which was 7.60 percent less compared to the same period of the last fiscal year.

KATHMANDU, Aug 20: The net profit of Salt Trading Corporation (STC) increased 58.05 percent in the last fiscal year.

KATHMANDU, Aug 8: Profits of development banks declined 7.82 percent in the last fiscal year, thanks to the ongoing economic recession that had led to a sharp decline in the banking businesses.

In FY 2022/23, banks earned net profits of Rs 70.17 billion, while they can distribute their shareholders only Rs 31.90 billion in dividend.

KATHMANDU, March 18: Commercial banks of the country earned profits of over Rs 39.39 billion in the first seven months of the current fiscal year.

KATHMANDU, Dec 2: Nepal Electricity Authority (NEA) earned profits of Rs 8.50 billion in the first three months of the current fiscal year, mainly due to control in electricity leakage and increased sales to India and the domestic market.

KATHMANDU, Nov 7: Nepal Reinsurance Company (NRC) earned net profit of Rs 5.08 billion in total in the past seven years of its establishment.

KATHMANDU, August 17: Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that the profits earned by Nepal Electricity Authority (NEA) will be invested in the construction of infrastructures related to electricity supply.

KATHMANDU, August 11: Nepal Electricity Authority (NEA) earned net profit of Rs 16.09 billion in the last fiscal year, which was more than double of the amount that the public utility earned in 2020/21.

KATHMANDU, June 14: Nepali commercial banks earned profits of Rs 58.33 billion in the first 10 months of the current fiscal year despite facing a notable shortfall in loanable funds during the period.

KATHMANDU, Jan 27: Commercial banks were able to increase their profits by 10.09 percent in the first six months of the current fiscal year.

KATHMANDU, Jan 10: Finance Minister Janardan Sharma has accused the banks and financial institutions (BFIs) of focusing on increasing their profits even at a time when the country is reeling under economic problems arising from the impacts of the coronavirus pandemic.

KATHMANDU, Nov 4: Nepal’s commercial banks earned a profit of Rs 18.11 billion in the first three months of the current fiscal year, which is 24.05 percent more than the amount in the same period last year.

KATHMANDU, August 20: The profits earned by the 27 commercial banks in the last fiscal year soared by 19.31 percent, backed by the flexible monetary policy and the banks’ earnings from the transaction of shares amid the impacts of the COVID-19 pandemic.

KATHMANDU, Feb 18: Nepal Oil Corporation (NOC) on Tuesday hiked the prices of petroleum products, the second time in a week, adding an extra financial burden to the consumers.

Most banks report a decline in profits

January 29, 2021 12:15 pm

KATHMANDU, Jan 29: The impact of the COVID-19 pandemic on the banking sector is beginning to show. Bankers have said that the impact of COVID-19 has started to be felt after the profit of most banks declined in the first six months of the current fiscal year.

Rethinking business

August 6, 2019 01:00 am

We need a shift in paradigm from business is politics and politics is business to business in nature and vice versa

Tourists hiking in Nepal's Himalayan mountains are being pressured into costly helicopter evacuations at the first sight of trouble by guides linked to powerful brokers who are making a fortune on "unnecessary rescues", industry insiders say.

KATHMANDU, April 27: A dozen commercial banks earned net profit of more than a billion rupees over the third quarter of the current fiscal year.

April 26: Facebook Inc (FB.O) shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.

KATHMANDU, Feb 7: Nine commercial banks have earned net profits of over Rs 1 billion in the first half of the current Fiscal Year 2017/18. Not only half-dozen new commercial banks have joined the one-billion profit earners' league, the net profits of most of the commercial banks have also gone up in the review period.

PARBAT, Sept 1: Farmers of Kurgha and Lamithana of Phalebas Municipality are having trouble in transporting milk to the market as the roads to the villages have been damaged in recent rains. Now they are spending the money earned from selling milk to repair the damaged roads.

POKHARA, June 24: Pokhara Chamber of Commerce and Industry (PCCI) profited Rs 2.9 million from a trade fair that it organized in December, last year.

KATHMANDU, June 6: Amnesty International has today released a report 'Turning People into Profits' bringing the issue of abusive recruitment, trafficking and forced labour of Nepali migrant workers into light.

KATHMANDU, May 20: Nepal Stock Exchange (Nepse) declined shed 15.36 points this week to close at 1,643.87 points on Thursday - the last trading day of the week.

RAUTAHAT, May 9: Farmers in around two dozen villages in Rautahat district are earning a good income through vegetable farming.

Nepal Army: All eyes on profits

December 19, 2016 12:20 pm

KATHMANDU, Dec 19: The estimated cost for the Devsthal-Kainadanda section of Jajarkot-Dunai road was Rs 195.4 million. The actual project cost exceeded this by Rs 88.42 million, without sufficient technical clarifications.

LONDON, Oct 18: Manchester City achieved its second profit under its Abu Dhabi owners prior to a bout of heavy spending on players in the offseason which is aimed at title challenges in England and Europe.

KATHMANDU, Aug 9: The recent price adjustment for Liquefied Petroleum Gas (LPG) has brought a huge profit margin for Nepal Oil Corporation, and only nominal relief to the consumers of cooking gas.

Qatar Airways eyeing bumper profits

July 11, 2016 20:01 pm

KATHMANDU, July 12: Qatar Airways Group has projected to earn 3 billion QAR operating profit in the fiscal year of 2016, three times higher than that of Fiscal Year 2015.