Nepal Republic Media's Loss Increases by 36%, Financial Crisis Deepens
Author
Nepse trading
Nepal Republic Media Limited (NRM) has published its unaudited financial report for the second quarter of the current fiscal year. The company's losses have further increased compared to the same period last year.
Net Loss Increased
By the end of Poush 2081, the company recorded a net loss of NPR 5.805 million.
In the same period last year, the net loss was NPR 4.264 million.
Decline in Revenue and Profitability
Total income: Dropped by 26.74%, settling at NPR 3.884 million.
Operating profit: Fell by 17.64%, reaching NPR 1.694 million.
Finance charge: Decreased by 20.83%, amounting to NPR 1.399 million.
Negative Earnings Per Share (EPS)
EPS: Negative NPR 1.20 (-1.20).
Last year, it was negative NPR 0.88 (-0.88).
Other Financial Indicators
Net worth per share: NPR 87.99.
Paid-up capital: NPR 967.5 million.
Retained earnings: Negative NPR 513.3 million.
The decline in total income, lower operating profit, and financial expenses have contributed to the rising losses of Nepal Republic Media. The company's financial position remains weak, posing concerns for investors.
