BIZ BRIEFS

NCC posts profits

KATHMANDU: In the fiscal year 2064-65 Nepal Credit and Commerce Bank Limited (NCC), successfully granted rights share of 1:1 ratio of Rs 700 million. The total paid up capital of the NCC that was Rs 700 million is now Rs 1400 million. With a total profit of Rs 620 million NCC has successfully achieved a capital of 11.4 per cent, said a Sunday press release. Last year, the bank faced a loss of Rs 78.7 million but recovered losses and achieved a profit of Rs 625.1 million including bonus and taxes. — HNS

Cement firms’ offer

KATHMANDU: To provide more facilities to its customers Gorkha Cement Pvt Ltd and Biswakarma Cement Pvt Ltd have launched a brand new ‘Sukhi Parwar’ offer. A scratch coupon is given to customers buying 20 sacks of either Gorkha cement or Biswakarma cement. The scratch card allows lucky customers to win exclusive household gift hampers by Yasuda Brand such as 21-inch colour TV, 190 litre fridge, DVD player, mixer, fan, rice cooker, music system, gas stove and also cash prizes of Rs 250, Rs 100 and Rs 50. — HNS

Passport revenue up

HETAUDA: The Makwanpur district administration office collected Rs 39.31 million revenue from the distribution of passports during the last fiscal year. DAO passport section official Jagannath Subedi said the office issues at least 25 passports daily. — RSS