IME Life New

Samata Domestic Microfinance increases profit by about 200%, significant progress in other indicators

SPIL
Global College
Nepal Life New

Kathmandu. Samata Domestic Microfinance Financial Institution last fiscal year 2081. The financial statements for the fourth quarter of 2018-19 have been made public.

According to the financial statement, the company earned a profit of Rs 84.9 million in the last fiscal year. The previous fiscal year 2080. The company had earned a profit of Rs 24.9 million in 2018. The company’s profit has increased by 240.91 percent compared to the previous year.

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In the review year, the operating profit of the company was Rs 148.5 million. In the previous fiscal year, the operating profit was Rs 43.9 million. The operating profit of the company has increased by 237.94 percent compared to the previous year.

In the last fiscal year, the company earned Rs 337.7 million in interest income. In the previous fiscal year, the company had earned Rs 194.4 million in interest income. Interest income has increased by 73.75 percent.

In the review year, the company’s distributable profit was Rs 68.6 million. With this, the company has the capacity to distribute 10.91 percent dividend.

With a paid-up capital of Rs 629 million, the company’s rated earnings and reserve size has increased to Rs 68.6 million and Rs 153.8 million, respectively. Last year, the retained earnings stood at Rs 31.8 million and reserves at Rs 141.2 million.

In the review year, the company invested Rs 5.49 billion in loans with a loan of Rs 3.37 billion. In the previous fiscal year, the company had invested Rs 4.26 billion in loans with a loan of Rs 2.32 billion.

In the review year, the bad loan ratio (NPL) of the organization decreased to 6.87 percent. The NPL was 10.48 per cent in the same period last year.

The annualized earnings per share (EPS) of the company has increased to Rs 13.51. Last year, the EPS was Rs 4.42. With a PE ratio of 70 times, the company has a net worth of Rs 135.37 per share.

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