Kathmandu. Mithila Laghubitta Financial Institution Limited has published the revised financial statements for the fourth quarter of the last fiscal year. According to the financial statement published by microfinance, most of the indicators, including net profit, have increased.
At the end of the last fiscal year, the microfinance company had earned a net profit of Rs 84.1 million. The company had posted a net profit of Rs 47.5 million in the same period of the previous fiscal year. The profit of microfinance has increased by 77 percent compared to the same period of the previous financial year
During the review period, the microfinance company earned a net interest income of Rs 209.1 million. In the same period of the previous year, the microfinance company earned a net interest income of Rs 147.4 million. The net interest income of the microfinance company has increased by 41.86 percent compared to the same period last year.
During the review period, the total operating income of microfinance increased by 40.36 percent and operating profit increased by 107.68 percent.
With a paid-up capital of Rs 223.9 million, the microfinance company has a reserve fund of Rs 204.4 million. At the end of the last fiscal year, the microfinance company collected Rs 1.77 billion in deposits and Rs 1.18 billion in deposits and disbursed Rs 2.96 billion in loans.
Along with the profit, the earnings per share of microfinance have also increased significantly. During the review period, the earnings per share of microfinance increased by Rs 13.32 to Rs 37.58. As of Mid-July, the net worth per share of the microfinance company was Rs 191.29 and the price-to-earnings ratio was 42.55 times.
