Support Laghubitta Raises Net Profit Significantly

Apr 24, 2024 07:39 AM Merolagani

Support Laghubitta Bittiya Sanstha (SMB) has published its third quarter financial report of the current FY.

As per the report, the company has earned net profit of Rs 12.3  million in the review period. The net profit increased by 94.91 percent compared to Rs 6.3 millon of the last FY.

Although the company’s net interest income increased minimally, impressive growth in other operating income and operating profit can be attributed to the huge increase in net profit.

In the review period, its net interest income increased by 8.78 percent. Meanwhile, its other operating income increased by 89.35 percent, total operating income by 24.10 percent and operating profit by 120.93 percent.

The company logged  EPS of Rs 17.28, net worth per share of Rs 12.40 and P/E ratio of 77.97 times.

The company with Rs 95.2 million in paid-up capital reserve fund of Rs 57.9 billion. The company  raised its deposit collection by 17.82 percent, borrowing by 30.34 percent and loans by 24.02 percent.

 

 

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