NESDO Samriddha Laghubitta Logs Big Decline in Profit

May 10, 2024 02:38 PM Merolagani

NESDO Samriddha Laghubitta Bittiya Sanstha (NESDO) has published its third quarter report of the current FY.

As per the report, its net profit has declined by 68.49 percent to Rs 46 million in the review period compared to Rs 146.2 million of the corresponding period of the last FY.

The company earned Rs 194.6 million in net interest income. The interest income declined by 30 percent compared to Rs 277.2 million of the review period of the last FY.

The company has maintained Rs 40.5 million in provision for possible loss.

The company collected Rs 2.46 billion in deposit collection and extended loans of Rs 3.61 billion.

In the review period, its bad debt increased by 4 percent to 12.58 percent.

Currently, the company has a paid-up capital of Rs 255 million and reserve fund of Rs 232.7 million.

It has EPS of Rs 18.07 and net worth per share of Rs 395.01.

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