Kathmandu, Feb. 12
The NRN Infrastructure and Development Limited
has reported more than a three-fold increase in its net profit alongside rising
revenues, according to its recently published financial report.
As per the report, the company recorded a net profit
of Rs. 53.7 million by the second quarter of the current Fiscal Year 2024/25,
compared to Rs. 16.3 million in the same period of the previous year. During
the review period, the company’s total revenue surged by 209.94 per cent,
reaching Rs. 801 million.
The company’s total expenses stood at Rs. 9.87
million, up from Rs. 5.49 million last year. Meanwhile, its retained earnings
amounted to Rs. 105.5 million, informed the company in a statement on Wednesday.
NRN Infrastructure and Development’s total current
assets were reported at Rs. 381.4 million, while its total current liabilities
stood at Rs. 14.1 million.
The company also recorded a significant improvement in
earnings per share (EPS), which increased from Rs. 2.67 in the previous year’s
second quarter to Rs. 8.37 during the same period this year.
Likewise, its net worth per share reached Rs. 172.10,
while the price-to-earnings (P/E) ratio was recorded at 135.65 times, said the
company.
Published in The Rising Nepal daily on 13 February 2025.
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