Kathmandu. Mahuli Microfinance Financial Institution fiscal year 2081. The government has made public the revised annual financial statements for the third quarter (July-April) of 2018.
During the review period, the company earned a profit of Rs 40.5 million. In the same period last year, the company had earned a profit of Rs 322,000. Compared to the previous year, the company’s profit has increased by 25.62 percent this year.
The operating profit of the company has increased by 25.63 percent to Rs 57.9 million in the current fiscal year. In the same period last year, the profit was limited to Rs 46.1 million.
The net interest income of the company stood at Rs 258.2 million during the review period. Net interest income stood at Rs 194 million as of March last year. Net interest income has increased by 33.13 percent this year compared to the previous year.
The company’s distributable profit stood at Rs 45.3 million as of March 2018. The dividend capacity is 16.35 percent.
The bad loan ratio (NPL) of the company has increased to 4.96 percent. The NPL was 4.90 per cent in the previous year.
With a paid-up capital of Rs 369.9 million, the company has a retained earnings of Rs 45.3 million and reserves of Rs 304.2 million.
As of Mid-July last year, the retained earnings stood at Rs 264,000 and reserves at Rs 285 million. The size of both retained earnings and reserves has increased.
During the review period, the company has disbursed loans worth Rs 4.92 billion with a loan of Rs 2.85 billion. In the same period last year, the company had disbursed loans worth Rs 4.58 billion with a loan of Rs 2.42 billion. As a result, the organization has moved ahead in an attack on business growth.
In the review year, the company’s earnings per share (EPS) increased to Rs 14.62. Last year, the EPS was Rs 13.35. With a PE ratio of 84.86 times, the company has a net worth of Rs 194.51 per share.
