Kathmandu. Kalika Laghubitta Financial Institution Limited has published the revised financial statements for the fourth quarter of the last fiscal year. According to the statement, most of the indices have increased with the net profit of microfinance.
At the end of this fiscal year, the microfinance company has earned a net profit of Rs 108 million. It had posted a net profit of Rs 79.2 million at the end of the previous fiscal year. Compared to the review period, the net profit of the microfinance company has increased by 36.42 percent.
During the review period, the microfinance company earned a net interest income of Rs 381 million. In the same period of the previous year, the company had earned a net interest income of Rs 253.5 million. Compared to the same period last year, the net interest income of the microfinance company has increased by 50.29 percent.
The total operating income of the microfinance company has increased by 54.98 percent. Operating profit has increased by 95.89 percent. As of Mid-July, the company’s distributable profit stood at Rs 61.9 million.
With a paid-up capital of Rs 407.6 million, the microfinance company has a reserve fund of Rs 352.4 million. At the end of the last fiscal year, microfinance has invested Rs 1.64 billion in deposits and loans worth Rs 4.84 billion.
Along with the profit of microfinance, the earnings per share have also increased. During the review period, the earnings per share of microfinance increased by Rs 5.23 to Rs 26.51.
As of Mid-July, the price-to-earnings ratio of the microfinance company was 39.96 times and the net worth per share was Rs 186.44.
