Kathmandu, May 28: Government-run corporations’ profit index has improved in the last fiscal year.
According to the Annual Status Assessment of the Public Corporations, government corporations earned Rs. 34.96 billion net profit in the FY 2015/16 which is 1.61 per cent higher than the previous fiscal.
Of the 35 corporation that are in operation, 23 had run in profit.
Nepal Oil Corporation, Nepal Telecommunication Company Limited, Nepal Bank, Agricultural Development Bank, Rastriya Banijjya Bank and Civil Aviation Authority of Nepal had earned higher profits in 2015/16 fiscal.
Other corporation that earned profits are Dairy Development Corporation, Herbs Production and Processing Company, Hetaunda Cement Company, Agricultural Inputs Company, National Seeds Company, The Timber Corporation, Industrial District Management Limited, Nepal Transit Warehousing Company, Nepal Airlines Corporation, Gorkhapatra Corporation, National Insurance Company, Beema Sansthan, NIDC Development Bank, Deposit and Credit Guarantee Fund, Nepal Stock Exchange Limited, Citizen Investment Trust and Hydropower Investment and Development Company.
Corporations like Nepal Electricity Authority, Udayapur Cement Industry, Nepal Drugs Limited and Janak Education Materials Centre ran into losses.
(Published in The Rising Nepal Daily, May 29, 2017)
(Published in The Rising Nepal Daily, May 29, 2017)
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