5 Government Institutions earn the highest profit in Nepal and Nepal Oil Nigam is Top List?

May Mon 2024 01:29:23

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5 Government Institutions earn the highest profit in Nepal and Nepal Oil Nigam is Top List?

Kathmandu: Nepal oil Nigam is one of the highest net profit among the public institutions invested by the Government of Nepal. It has earned a net profit of 11 billion 72 crore 29 lakh rupees in the financial year 2079-80. However, its accumulated profit is 4.85 billion negative.

The 5 public institutions that earned high net profit in the financial year 2079/80 are Nepal Oil Corporation Ltd., Nepal Electricity Authority, Nepal Telecommunication Company Limited, Citizen Investment Fund and Deposit and Credit Protection Fund respectively. According to the Ministry of Finance, the net profit of these institutes is 75.67 percent of the total net profit.

The net profit, share investment, percentage of net profit on share investment, contribution of these companies to the net profit of the public company and recorded profit/loss are as follows.