Kathmandu. Likanchok Darshan Company has published its unaudited financial statements for the first quarter of the current financial year 2083-84. According to the financial statements made public, the company has incurred a net loss.

Due to the impact of floods and landslides in the Trishuli area via Bhotekoshi of Rasuwa on August 23, the company’s main business income has declined in the first three months of the current fiscal year. Due to which the company has incurred losses.

The company reported a net loss of Rs 45.96 lakh in the first quarter of the current fiscal year as against a net loss of Rs 33.86 lakh in the same period last year.

According to the company, the company’s financial condition has also been affected due to the devastating floods in the Bhotekoshi River and its direct negative impact on tourist arrivals. The management has informed that due to the disruption of the road network due to the floods, the movement of tourists has decreased and the cable car and other business activities of the company have not been able to operate regularly.

During the review period, the company’s income from operations declined to Rs 42.32 lakh from Rs 72.87 lakh in the same period last year. On the basis of operating profit, the company also declined to Rs 63.54 lakh.

The company has a paid-up capital of Rs 63 crore and reserves of Rs 5.35 crore. Based on the financial indicators, the company’s annual earnings per share is negative at Rs 2.92, net worth per share is Rs 108.50 and total asset value per share is Rs 120.56.