IME Life New

Support microfinance’s impressive growth in key financial indicators, bad loans also improved

SPIL
Global College
Nepal Life New

Kathmandu. Support Microfinance Financial Institution last fiscal year 2081. Financial statements for the fourth quarter of 82 have been made public.

According to the financial statement, the company earned a profit of Rs 51.1 million in the last fiscal year. The previous fiscal year 2080. The company had earned a profit of Rs 21.2 million in 2018. In this way, the profit of the organization has increased by 140.63 percent compared to the previous year.

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In the review year, the operating profit of the organization increased to Rs 79.6 million. In the previous year, the operating profit was limited to Rs 25.7 million. The operating profit of the company has also increased by 209.57 percent.

In the fourth quarter of the last fiscal year, the company earned Rs 135.2 million in interest income. In the same period last year, the company had earned Rs 82.9 million in interest income. Interest income decreased by 62.96 percent.

The company has a paid-up capital of Rs 122.4 million and reserves and surpluses of Rs 85.2 million. In the previous year, the reserve and surplus was Rs 35.1 million. The size of the reserve has also increased by 142.50 percent.

In the review year, the company has invested Rs 1.92 billion in loans with a loan of Rs 1.33 billion. In the previous fiscal year, the company had invested Rs 1.66 billion in loans with a loan of Rs 1.26 billion.

In the review year, the bank’s bad loan ratio (NPL) has come down to 1.58 percent. In the same period last year, the NPL of the organization was 1.82 percent.

The company’s annualized earnings per share (EPS) is Rs 41.81, PE ratio is 55.52 times and net worth per share is Rs 169.62.

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