Kathmandu. Reliance Spinning Mills Ltd, which recently issued an IPO through a book building method, has seen a decline in its profit and earnings per share (EPS) for the second quarter of the current financial year. According to the company’s financial report for the end of January 2082, both the company’s net profit and EPS have declined.

The company earned a net profit of Rs 13.74 crore in the review period. The company had posted a net profit of Rs 18.88 crore in the same quarter last year. Accordingly, the company’s profit declined by about 27.24 percent.

Likewise, the company’s annualized earnings per share (EPS) decreased to Rs 14.47 from Rs 22.13. Operating income stood at Rs 479.929 crore, down 1.10 percent from the previous year.

Operating profit declined by 27.61 percent to Rs 32.984 crore. However, the financial expenses have come down to Rs 1,64,65,000.

Similarly, the net worth per share of the company stood at Rs 490.54 as against Rs 424.16 a year ago.