July 25, 2024, Thursday
Nepal 1:37:26 pm

STC’s net profits reaches 58.05 percent in the FY 2022/23

The Nepal Weekly
August 22, 2023

The net profit of Salt Trading Corporation (STC), a public private partnership, has increased by 58.05 percent in the last fiscal year.

According to the financial report unveiled by the government undertaking, STC earned a net profit of Rs 78.83 million in the fiscal year 2022/23. In the previous fiscal year, the amount was Rs 49.85 million.

With the increase in profit, the STC’s earnings per share increased by Rs 8.59 to Rs 28.26. As of mid-June 2023, the company’s net worth per share was Rs 419.60 and the price-to-earnings ratio was 173.38.

In the last fiscal year, the total income of the company increased by 10.47 percent to Rs 955.87 million.