Share MarketMountain Energy Nepal Calls AGM

Mountain Energy Nepal Calls AGM

Mountain Energy Nepal Limited (MEN) has called its 8th AGM on 25th Poush, 2078. The meeting will held in Amrapali Banquet, Kathmandu, starting at 10 am that day.

The company has not announce bonus for its shareholder from fiscal year 2077/78.

These are the agendas of the AGM:

1) Endorsement of the annual report prepared by the board of directors for FY 2077/78.
2) Endorsement of the report prepared by the auditor.
3) Appointment of auditor for the fiscal year 2078/79 and approval of their compensation.

The company has fixed the date of book closure on Poush 12. Thus, shareholders maintained before poush 12 y can attend this AGM.

Mountain Energy Nepal Limited (MENL) has posted an increase in net profit by a massive 785.82% in the first quarter (Q1) of the Fiscal year 2078/79. The profit increased to Rs. 29.35 crores in this quarter ( Q1- FY 2078/79)from Rs. 3.31 crores in the corresponding quarter of the previous year.

According to the management, revenue from the sale of electricity includes revenue generated by Tadi Khola (5 MW) and Mistri Project (42 MW). Mistri Khola Project (42 MW) has started commercial operation from Ashad 03, 2078 and has received Rs. 66.05 lakhs

Its has reserve fund stands at Rs. 70.42 crores with share capital at Rs 1.96 Arba.
The company sits in a fair liquidity position of 3.07 times. The acceptable ratio is 1.5 times.

Its earning per share (not annualized) is Rs. 14.91. The net worth per share at Rs 135.79 and the P/E ratio is 74.76 times.

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