Emerging Nepal Limited (ENL) Reports 37% Profit Growth
Author
Nepse trading
Emerging Nepal Limited (ENL) has published its unaudited financial report for the second quarter of the current fiscal year. According to the report, the company’s operating revenue has doubled compared to the same period last year, while net profit has increased by 37.25%.
Operating Revenue Increases by 100%
By the end of Poush 2081, the company’s operating revenue reached NPR 10.41 million (1.04 crore).
In the same period last year, ENL had reported NPR 5.18 million (51.82 lakhs) in operating revenue.
This marks a 100.91% increase in operating revenue.
Net Profit Grows by 37%
During the review period, the company’s net profit reached NPR 9.39 million (93.88 lakhs).
In the previous fiscal year, net profit was NPR 6.84 million (68.40 lakhs).
This represents a 37.25% increase in net profit.
Other Income Declines, Expenses Increase
Income from other sources declined by 60.31%, reaching NPR 2.76 million (27.55 lakhs).
However, total expenses increased by 28.66%, amounting to NPR 3.87 million (38.65 lakhs).
Improvement in Earnings Per Share (EPS)
The company’s earnings per share (EPS) increased from NPR 2.46 last year to NPR 3.38 in this quarter.
This reflects an improvement in the company’s profitability.
Net Worth Per Share Reaches NPR 109.48
The company’s net worth per share has increased to NPR 109.48,
This is NPR 3.72 higher compared to the previous year.
Price-to-Earnings (PE) Ratio at 355.07
The company’s PE Ratio stands at 355.07, indicating a high market valuation.
Reserve Fund Reaches NPR 52.68 Million
The company’s paid-up capital is NPR 555.6 million (55.56 crores).
The reserve and surplus fund now stands at NPR 52.68 million (5.26 crores).
Emerging Nepal Limited (ENL) has shown significant financial progress in the second quarter of the fiscal year 2081. With operating revenue doubling and net profit increasing, the company has demonstrated strong growth. However, other income sources have declined, and expenses have risen. Overall, ENL's financial position appears to be improving, indicating a positive outlook for the future.
