Kalinchowk Darshan Reports Higher Quarterly Loss as Flood Disrupts Tourism

Kalinchowk Darshan Limited (KDL) has published its unaudited financial results for the first quarter of the current fiscal year 2083/84, reporting a decline in operating income and an increase in net losses. According to the financial statement, the company posted a net loss of Rs 4.596 million during the review period, compared to a loss of Rs 3.386 million in the corresponding quarter of the previous fiscal year. The company attributed the increased losses primarily to the devastating floods in the Bhotekoshi River during this year's monsoon season, which significantly affected tourism activities. According to the management, road disruptions caused by the floods reduced tourist movement and prevented the company's cable car and other business operations from running regularly. KDL's operating income declined to Rs 4.232 million in the first quarter, down from Rs 7.287 million in the same period last year. The company also recorded a negative operating profit of Rs 6.354 million during the review period. The company has a paid-up capital of Rs 630 million, while its reserves and surplus stand at Rs 53.5 million. In terms of key financial indicators, the company's annualized earnings per share (EPS) stood at negative Rs 2.92. Its net worth per share was Rs 108.50, while total assets per share stood at Rs 120.56.