Kathmandu. Manjushree Finance Limited has published the revised financial statements for the fourth quarter of the last fiscal year. According to the statement, the company’s net profit has increased compared to the same period of the previous fiscal year.
At the end of the last fiscal year, the company earned a net profit of Rs 314.4 million. This is an increase of 39.97 percent over the same period of the previous fiscal year. In the previous fiscal year, the company had posted a net profit of Rs 224.6 million. The net profit of the organization has increased due to the increase in operating income along with the net interest income.
The net interest income of the company during the review period stood at Rs 873.2 million. This is an increase of 16.51 percent compared to the previous year. In addition, the operating profit of the company increased by 48.50 percent to Rs 518 million. During this period, the company’s distributable profit stood at Rs 354.5 million.
Deposits of the company increased by 25.89 percent to Rs 22.94 billion and total loans increased by 19.65 percent to Rs 18.59 billion. Manjushree has a paid-up capital of Rs 1.35 billion, retained earnings of Rs 738.2 million and reserve fund of Rs 738.2 million.
During the review period, the bank’s bad loans decreased from 3.22 percent to 3.11 percent. Along with the profit, the company’s earnings per share have also increased. During the review period, the company’s income increased by Rs 6.64 to Rs 23.26. The net worth of the company is Rs 180.85 per share. As of Mid-July, the bank’s price-to-earnings ratio is 26.79 times.
