Kathmandu. Reliance Spinning Mills Limited has seen a significant improvement in its financial condition. In the financial statements released by the company for the second quarter of the fiscal year 2081/82, most of the company’s indicators have increased significantly.
The company’s profit after tax has increased by Rs 138.5 million. By December of the current fiscal year, the company’s profit after tax has reached Rs 188.8 million. By December of the last fiscal year, the company’s profit was Rs 160.29 million.
The company’s turnover has reached Rs 4.84 billion, 35.72 billion in the first six months of the year, and it has earned other income of Rs 23.34 million. By December of the last fiscal year, the company had done business worth Rs 4.82 billion, 90 million and 90 thousand, while other income at that time was Rs 8 million and 96 thousand.
The company’s total expenses during that period were Rs 46 million and 87 million and 54 thousand. In the same period of the last fiscal year, it was Rs 42 million and 56 million and 88 thousand.
The other equity of Reliance Spinning Mills, which has a paid-up capital of Rs 1 billion and 73 million and 40 thousand, has reached Rs 5 billion and 53 million and 45 million and 78 thousand, respectively. As of December 31, 2013, other equity was Rs 531.1342 billion.
The company’s earnings per share (EPS) during that period was Rs 22.19 paisa. The company’s EPS in December 31, 2013 was Rs 1.88.
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