110 companies in Nepse’s Class ‘A’ list
Nepal Stock Exchange (Nepse) has classified 110 listed companies in 'A' class in the current fiscal year 2017/18.
Issuing a statement, Nepse said that 110 out of total 192 listed companies made it to the 'A' class for the current fiscal year. The stock exchange company has been classifying listed companies in 'A' category since the fiscal year 1996/1997.
Those listed companies which have minimum paid-up capital of Rs 20 million and 1,000 public shareholders are eligible to become 'A' class companies of Nepse. Similarly, a company must be in profit for at least three consecutive years and its share book value should not be less than the face value to be in the 'A' class. 'A' class companies are those that have submitted their financial reports within six months of the fiscal year end, according to Nepse.
All listed 27 commercial banks, two companies from 'Other' sector, five from hydropower sector, two from hotel sector, 16 from insurance sector, 21 from development bank sector, 11 from finance sector, 21 from development bank sector, and 26 from microfinance sector have been classified as the 'A' class companies.
Source: My Republica