Unilever the most expensive scrip at Nepal Stock Exchange faces a loss of Rs 26.31 crore in Q3; LTP stood Rs 35,280; Rs 59.74 crore allocated to housing fund

Unilever Nepal Limited (UNL) has posted net loss of Rs 26.31 crore in the third quarter of the current fiscal year 2072/73. According to the unaudited financial statement published by the multinational company today, its profit after tax has net loss of Rs 26.31 crore in the current quarter from net profit of Rs 25.65 crore in the corresponding quarter of the last fiscal year. Whereas, UNL operating profit surpasses to Rs 40.50 crore in the current quarter as compared to Rs 36.03 crore in the corresponding quarter. The company’s sales decreased by 13.40% compared to the same period last year. It’s net profit declined by 153% whereas its operating profit increased by 12.40%. The company’s turnover for the current quarter is decline by 13 percent over corresponding period of previous year due to the impact of blockade on the Indo- Nepal boarders. The industrial sector has been hardest hit as almost all industries are located in the Terai region of Nepal. The net profit of the company has also declined by 153 percent over same period of previous year because of the one time allocation to housing fund since Fiscal year  2062/63 consequent to decision of Honorable Supreme Court in the housing fund case. The net profit of the company would have increased by 13 percent if the impact of housing fund allocation is removed. The company has also stated that its total expenditure reduced to Rs 76 crore in the third quarter from Rs 95.66 crore  in the previous year report of the fiscal year 2071/72. Unilever reserves and surplus decreases to Rs 81.48 crore in the third quarter from Rs 1.33 arba  in the previous quarter. UNL’s earning per share (EPS) has inclined to Rs 286 in Q3 from Rs 279 in the previous quarter , and its net worth per share now stands at Rs 985, down from Rs 1552 in previous quarter. The company’s P/E ratio stands at 74.62 times. The last traded price of the company stood at Rs 35,280 on May 5, 2016