Kathmandu. Ganapati 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 the last fiscal year, the microfinance company had earned a net profit of Rs 42.5 million. The company had posted a net profit of Rs 15.2 million in the same period of the previous fiscal year. The profit of microfinance is 179.51 percent higher than the same period of the previous fiscal year.
During the review period, the microfinance company earned a net interest income of Rs 172.7 million. In the same period of the previous year, the microfinance company earned a net interest income of Rs 121.9 million. The net interest income of the microfinance company is 41.71 percent higher than the same period last year.
Similarly, the total operating income of microfinance increased by 42.26 percent and operating profit by 168.27 percent during the review period. At the end of the fourth quarter, the company’s distributable profit stood at Rs 26.4 million.
With a paid-up capital of Rs 151.5 million, the microfinance company has a reserve fund of Rs 117.3 million. The microfinance company has invested Rs 2.27 billion in deposits and Rs 2.29 billion in loans till mid-July.
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 18.1 to Rs 28.4. As of Mid-July, the price-to-earnings ratio of microfinance was 56.66 times and the net worth per share was Rs 177.45.
