Kathmandu. The financial statement published by Samriddhi Finance Limited has shown hope for improvement. The company, which has been in loss for a long time, has managed to earn a profit of Rs 3.19 crore in the fourth quarter. During this period, the deposit collection of the organization increased by 13.72 percent while the loan investment increased by 9.62 percent.
It has been successful in bringing the high non-performing loans to single digits. The non-performing loan ratio has come down to 9.66 per cent from 19.93 per cent in the same period last year. The earnings per share is Rs 3.90.
The organization is determined to increase the business gradually due to the small business size, which is in loss of operation and has a high amount of non-performing loans.
Finance, which has entered into a merger agreement with Pokhara Finance Limited, is determined to provide the highest dividend to the shareholders by establishing itself as a stronger, reliable and stronger finance in the coming days.
