Hathaway Investment Nepal (HATHY), a prominent investment firm in the country, has published its third-quarter report for the current fiscal year, showcasing a stellar financial performance. According to the report, the company has raised its net profit significantly during the period, driven by a surge in operating income and effective cost management strategies.
In the review period, HATHY earned an operating income of Rs. 233.9 million, marking an impressive 104.64 percent increase compared to Rs. 114.3 million in the corresponding period of the last fiscal year. This substantial growth in revenue highlights the company’s strong performance and ability to capitalize on favorable market conditions within the investment sector.
Along with the increase in income, the company managed to achieve profitability during the period. HATHY, which incurred a loss of Rs. 12.2 million in the review period of the last fiscal year, earned a net profit of Rs. 75 million in the current fiscal year, marking a remarkable turnaround and demonstrating the company’s resilience and effective strategies.
Furthermore, the company’s total income increased by 89.20 percent, while total expenses rose by a more modest 12.43 percent, reflecting HATHY’s focus on cost optimization and efficient resource allocation.
HATHY’s strong financial performance is reflected in its key metrics. The company logged an Earnings per Share (EPS) of Rs. 3.89, a Net Worth per Share of Rs. 77.62, and a Price-to-Earnings (P/E) ratio of 222.03 times, indicating the company’s potential for future growth and value creation for its shareholders.
The company has a substantial paid-up capital of Rs. 1.28 billion and retained earnings of Rs. 363.2 million, providing a solid financial foundation for its operations and future investments.
HATHY’s impressive third-quarter results have garnered attention from investors and industry analysts, who are closely monitoring the company’s strategic moves and market position within Nepal’s investment sector. As the fiscal year progresses, HATHY’s ability to sustain its growth momentum, optimize its investment portfolio, and capitalize on emerging opportunities in the investment landscape will be key factors shaping its long-term success and shareholder value creation.
