Bandipur Cable Car & Tourism Limited Reduces Losses, Shows Improvement in Financial Performance

Bandipur Cable Car & Tourism Limited (BANDIPUR) has published its unaudited financial results for the second quarter of the current fiscal year. According to the report, the company’s losses have decreased compared to the same period last year.

In the previous fiscal year, the company reported a loss of NPR 25.9 million by the end of December, while in the same period of the current fiscal year, the company incurred a loss of only NPR 7.49 million. This indicates a significant reduction in the company’s losses.

The reduction in losses is attributed to an increase in operating revenue and a decrease in expenses. During the review period, the company’s operating revenue grew by 39.48%, while total revenue increased by 78.43%. These improvements signal a positive shift in the company’s business operations.

Additionally, the company managed to reduce its total expenses by 8.14% and its financial expenses by 35.76%, indicating enhanced financial management and better cost control.

By the end of the second quarter, the company’s earnings per share (EPS) stood at a negative NPR 0.53, while its net worth per share was NPR 92.47. The company’s paid-up capital is NPR 2.83 billion, but its retained earnings are negative at NPR 213 million.

Overall, Bandipur Cable Car & Tourism Limited has shown improvement in its financial performance, although there remains a need for further progress in increasing retained earnings and overall revenue growth to ensure long-term sustainability.