सिंहदरबार संवाददाता
Kathmandu. The recent impact on the construction sector has also affected the cement industry due to the economic slowdown. Construction entrepreneurs had stopped work after the Nepal government did not provide arrears to construction entrepreneurs on time, which has directly affected the cement industry.
Cement production has declined sharply due to falling market demand. The financial condition of the cement industry has reached a critical point due to the decline in production and market demand.
Four cement companies listed on the Nepal Stock Exchange (NEPSE) have made their second-quarter financial statements public. According to the details, the condition of the cement industry is deteriorating.
These are the financial indicators of the four cement companies listed on the Nepal Stock Exchange.
Sarvottam Cement
Among the four cement companies listed on the Nepal Stock Exchange, Sarvottam Cement has earned the highest profit.
The company has earned a profit of Rs. 241.4 million 5 thousand rupees in the first six months of the current fiscal year, which is an increase of Rs. 241.4 million 5 thousand rupees compared to the same period last fiscal year. 689.23 percent more. The company had earned a profit of Rs 30 million 587 thousand in the same period of the previous fiscal year.
Similarly, the company’s paid-up capital is Rs 4 billion 97 million, earnings per share is Rs 9.70 and net worth is Rs 186.66.
Shivam Cement
Shivam Cement’s profit has decreased during this period. Compared to the same period of the previous fiscal year, the company has made 61.77 percent less profit. During this period, Shivam Cement has earned a profit of Rs 56.81 million. The company’s profit in the previous fiscal year was Rs 148.597 million.
Shivam Cement, which has a paid-up capital of Rs 5.45 billion, has an earnings per share of Rs 2.08 and a net worth of Rs 175.31.
Sonapur Cement
By the end of the first half of the current fiscal year, Sonapur Cement’s profit has been limited to Rs 122.85 million. The company had earned a profit of Rs 147.853 crore in the same period last year. The company’s profit has declined by 17.43 percent compared to the same period last year.
Sonapur Cement’s paid-up capital is Rs 3.75 billion, earnings per share is Rs 7.94, and net worth is Rs 184.36.
Ghorahi Cement
In the second quarter of the current fiscal year, Ghorahi Cement has earned a profit of Rs 667.1 million 3 thousand, which is 59.43 percent less than the same period last year. In the last fiscal year, the company earned a profit of Rs 418.438 crore.
The paid-up capital of Ghorahi Cement is Rs 4.5676 billion.
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