Trading of Arun Finance Limited (ARUN) has been resumed by Nepal Stock Exchange (NEPSE) as the company has submitted detail financial statement.
NEPSE had halted trading of ARUN on October 07, 2015 due to unusual price movement. Earlier, NEPSE had stated that the fundamentals of ARUN did not justify the market price.
In the document sent by the company to NEPSE, it states that the new board of directors have been formed through company's 17th and 18th AGM held on Ashwin 24, 2072. The AGM also elected two Board of Director (BOD) members uncontested from ordinary shareholder and appointed three BOD members from promoter. Gokarna Khatiwada has been appointed chairman of the BOD.
Financial highlight of Arun Finance Limited is as follows:
| Particular |
Q4 2071/72 |
Q4 2070/71 |
Change(%) |
| Paid up capital |
150000 |
150000 |
0.00% |
| Reserve And surplus |
-182493 |
-177715 |
-2.69% |
| Deposit |
120545 |
169248 |
-28.78% |
| Loan and Advance |
7261 |
50550 |
-85.64% |
| Net interest income |
16477 |
-7214 |
|
| Operating Profit |
-81751 |
-93313 |
12.39% |
| Capital Fund to RWA |
-10.91% |
-10.83% |
0.74% |
| Non performing Loan |
92.77% |
72.26% |
28.38% |
| CD ratio |
114.53% |
121.00% |
-5.35% |
Detailed Financial of Arun Finance Limited
Trading of scrips of Arun halts due to unnecessary price movement
.png)
