Kathmandu. Reliance Spinning Mills, which was listed on the Nepal Stock Exchange (NEPSE) in February last year, has increased its earnings per share by increasing its profit till the third quarter of the current fiscal year 2082-83. This has enthused about 22,000 investors who have invested in the company.

According to the company’s unaudited financial statements for the third quarter, the company has earned a net profit of Rs 26,68,92,121. During the period, the company’s operating profit stood at Rs 53,49,87,928.

In the third quarter, the company earned a total income of Rs 7.46 billion. In the second quarter ended March 2018, the company posted a net profit of Rs 13,74,35,414, an operating profit of Rs 32,98,48,345 and a total income of Rs 4.79 billion.

The company’s earnings per share and net worth per share have increased within a short period of its listing. This has excited the investors who have entered the company. In the third quarter, the net worth per share was Rs 20.42 and the net worth per share was Rs 497.37. In the second quarter, the company had EPS of Rs 16.08 and net worth per share of Rs 490.54.

Another indicator of Reliance’s financial statement that has excited investors is the jump in its share price within a short time of its listing on NEPSE. According to the financial statement, the share price of Reliance, which has set a maximum opening range of Rs 300, has reached a maximum of Rs 5,049 in the third quarter. A total of 8,15,447 units of shares were traded in 34 trading days. About 22,000 investors have been encouraging about the positive indicators seen in the company’s share trading.

Reliance has lost 5,000 points to the Nepse stock within a month of trading. Right now, Reliance’s shares are trading at a profit ratio of Rs 4,000. This is a new record in itself. Investors bought 50 shares at Rs 820.80 per share through the book building method and invested Rs 41,040 in the IPO.

According to the financial statements, the share price reached a maximum of Rs 5,049 in 34 trading days, while one investor was able to earn up to Rs 2,11,410 by deducting the investment.

Investors bought 50 shares at Rs 820.80 per share through the book building method and invested Rs 41,040 in the IPO. According to the financial statements, the share price reached a maximum of Rs 5,049 in 34 trading days, while one investor was able to earn up to Rs 2,11,410 by deducting the investment.

Reliance is the largest employer and export-oriented company in Nepal. Its share capital is Rs 1.90 billion. There are 21,807 shareholders in the company. The company employs more than 4,000 people. There are about 1,300 women in Reliance, which has made a worker-friendly identity.

Established three decades ago, Reliance Spinning Mills has been producing cotton, polyester, viscose, acrylic and textured yarn through factories located in Duhabi and Khanar of Sunsari. The products of the industry are consumed within Nepal and exported to India, Turkey and other countries. It exports $50 million annually.

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