सिंहदरबार संवाददाता
Kathmandu. Reliance Spinning Mills has increased its earnings per share. The company has achieved 22.19 percent earnings per share in the first 6 months of the current year.
Reliance Spinning’s earnings per share are better than those of companies that issued IPOs to the public through premium and book building.
If we look at the details of the last five financial years, Reliance’s earnings per share are better than those of Sarbottam Cement, Sonapur Cement, Ghorahi Cement and Shivam Cement, which issued IPOs through premium and book building.
The company, which produces yarn in Nepal and exports it to various countries around the world, has employed 4500 people under one roof. According to the financial statements for the second quarter of the current fiscal year, Reliance Spinning’s earnings per share (EPS) is 22.19. The company’s earnings per share in the same period last fiscal year was Rs 2.95.
Reliance Spinning has earned a net profit of Rs 188.8 million more in the second quarter of the fiscal year 081/082, while it had earned a profit of Rs 53 million in the same period last fiscal year. The company’s paid-up capital is Rs 1.7 billion 73 million 40 thousand and other equity is Rs 5.53 billion 45 million 78 thousand.
Reliance Spinning Mills Limited is going to issue an IPO through book building for the general public. The company is going to issue an IPO for Rs 948.811.968 based on 1,155,960 units.
Even when other companies reached negative EPS due to Covid and the economic recession, Reliance Spinning Mills had saved itself from going negative.
Sarvotam Cements, which issued an IPO in book building, had an earnings per share of 9.7 in the second quarter of the current fiscal year 081/082, while Sonapur Cement’s earnings per share during the same period was 7.94. Shivam Cements’ earnings per share in the last 6 months is 2.08.
In the last fiscal year 2080/081, Sarvotam Cement’s earnings per share were 3.45, while Sonapur Cement’s were 16.91 during the same period. In the fiscal year 080/081, Ghorahi Cement’s earnings per share were 31.68, while Shivam Cement’s were 4.98.
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