Kathmandu. Nepal Finance for the current fiscal year 2081. It has made public the unaudited financial statements up to the third quarter of 2018.
According to the financial statement, the company has earned a profit of Rs 1.7 million during the review period. The company had posted a net profit of Rs 1.3million in the same period last year. The company’s profit has increased by 28.98 percent in the review period compared to the previous year.
During the review period, the company’s distributable profit stood at Rs 278 million.
Till the third quarter, the company had incurred an operating loss of Rs 622,000. In the previous year, the operating profit was Rs 1.88 million.
During the review period, the company earned Rs 46.17 million in interest income. In the same period last year, the company had earned Rs 75.95 million in interest income. The company’s interest income declined by 39.21 percent.
The company’s reserve size has increased from Rs 729.9 million to Rs 497.8 million. In the previous year, the reserve was Rs 434.3 million.
During the review period, the company collected deposits of Rs 3.75 billion and invested Rs 2.43 billion in loans. In the previous fiscal year, the company collected deposits of Rs 2.55 billion and invested Rs 1.97 billion in loans.
During the review period, the company’s bad loan ratio (NPL) increased to 9.66 percent. In the same period last year, the company’s NPL was 9.24 percent.
The company’s annualized earnings per share (EPS) increased to Rs 0.31. Last year, the EPS was rs 0.24. The bank has a net worth of Rs 137.12 per share with a PE ratio of 2198.72 times.
