BandiPur Cablecar Cuts Losses in Q2 FY 2082, Shows Positive Growth

As per the financial report of BandiPur Cablecar and Tourism Limited, the company has experienced a reduction in its losses for the second quarter of the ongoing fiscal year. According to the unaudited financial details for the period ending Poush 2082, the company’s losses have decreased significantly.

In the previous fiscal year, the company had reported a loss of NPR 2.59 crore by the end of Poush, but this year, the loss stood at NPR 74.91 lakh for the same period. The reduction in losses is attributed to an increase in operating revenue and a reduction in expenses. During the review period, the company's operating income increased by 39.48%, and total revenue surged by 78.43%.

Furthermore, the company's total expenses decreased by 8.14%, and financial expenses dropped by 35.76%. By the end of the second quarter, the company's earnings per share (EPS) were negative at NPR 0.53, while the net worth per share was NPR 92.47. With a paid-up capital of NPR 2.82 billion, the company’s retained earnings stand at a negative NPR 21.3 crore.