HATHY's Profit Decreased: A 47.67% Decline

Hathway Investment Nepal Limited (HATHY) has published its unaudited financial results for the third quarter of the current fiscal year. According to the report, the company’s net profit stands at NPR 3.92 crores, which is a 47.67% decrease compared to the same period last year.

The decline in profit is attributed to a decrease in the company’s revenue. During the review period, the company’s operating income decreased by 57.24%, and total revenue fell by 56.42%. Additionally, the company’s total expenses decreased by 44.17%.

The company’s earnings per share (EPS) also decreased by NPR 2.04, settling at NPR 1.85 per share. The net worth per share is NPR 78.33, and the price-to-earnings ratio stands at 740.26 times.

The company has a paid-up capital of NPR 141.57 crores, retained earnings of NPR 28.62 crores, and a fair value reserve of NPR 51.57 crores.