NRN Infrastructure and Development Limited Reports Loss in Second Quarter of Current Fiscal Year

RN Infrastructure and Development Limited (NRN) has published its unaudited financial statement for the second quarter of the current fiscal year. According to the report, the company has incurred a loss amounting to NPR 5.29 million, compared to a profit of NPR 53.7 million during the same period last year.

The loss was attributed to a decline in investment sales, with the company reporting a negative profit of NPR 10.8 million from its investment sales. Furthermore, the company's dividend income decreased by 14.07%, while its total income saw a drastic decrease of 85.32%. The company also witnessed a significant increase in expenses, which rose by 97.22%.

In terms of earnings per share (EPS), the company recorded a negative value of NPR 0.59, a sharp decline from the previous year's EPS of NPR 8.37. By the end of the second quarter, the company's net worth per share was NPR 174.49.

The company has a paid-up capital of NPR 1.79 billion and retained earnings amounting to NPR 96.65 million.