Salt Trading Corporation’s Q3 Profits Surge by 40 percent

KATHMANDU: Salt Trading Corporation Limited (STC) unveiled its impressive third-quarter performance for the fiscal year 2080-81.

During Q3 FY 2080-81, STC witnessed a remarkable surge in net profit, reaching 5.19 crores, marking a 40% increase from the previous fiscal year’s 3.71 crores.

STC, with a paid-up capital of 32.07 crores and Reserves and Surplus totaling 1.39 Arba by the third quarter of FY 2080-81, experienced a substantial revenue boost.

Sales revenue escalated by 63.91%, totaling Rs. 9.45 Arba during the same period, while other income saw a modest rise of 4.78%, amounting to 2.73 crores.

However, the company encountered heightened interest expenses, soaring by 52.85% to reach 41.61 crores in Q3 FY 2080-81.

Administrative expenses also saw an uptick, totaling 16.12 crores, reflecting a 5.09% increase.

Similarly, staff expenses rose by 8.78%, reaching 27.17 crores by the end of the third quarter of FY 2080-81.

Meanwhile, the Annualized Earnings per Share (EPS) stood at Rs. 21.60, while the Net Worth per Share was Rs. 534.06.