Kathmandu. Gurans Laghubitta Financial Institution Limited has published the revised financial statements for the fourth quarter of the last fiscal year. At the end of the last fiscal year, the microfinance company earned a net profit of Rs 39.58 million. The company had posted a net profit of Rs 20.8 million in the same period of the previous fiscal year. The profit of microfinance has increased by 89.96 percent compared to the same period of the previous fiscal year.
At the end of the last fiscal year, the microfinance company earned a net interest income of Rs 82.8 million, while it earned Rs 132.3 million in the review period. During the review period, the net interest income of the microfinance company increased by 59.74 percent.
With a paid-up capital of Rs 115.8 million, the microfinance company has a reserve fund of Rs 65.7 million. At the end of the last fiscal year, the microfinance company has invested a total of Rs 1.94 billion in loans from deposits of Rs 1.30 billion and deposits of Rs 455.5 million.
Microfinance’s other operating income increased by 15.47 percent, while the bad loans of microfinance decreased from 3.67 percent to 2.91 percent in the review period.
Along with the profit, the earnings per share of microfinance have also increased. During the review period, the earnings per share of microfinance increased by Rs 16.18 to Rs 34.17. As of Mid-July, the price-to-earnings ratio of microfinance was 64.78 times and the net worth per share was Rs 156.79 times.
