Support Laghubitta Increases Net Profit

Jul 25, 2024 08:36 AM Merolagani



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

As per the report, the company has earned net profit of Rs 23.8  million in the review period. The net profit increased by 75.03 percent compared to Rs 13.6 million of the previous FY.

Increase in net interest income and operating profit as well as decline in provision for possible losses can be attributed to the increase in net profit.

In the review period, its net interest income increased by 18.19 percent, other operating income by 81.94 percent, total operating income by 28.66 percent and operating profit by 194.38 percent.

In the mean time, its provision for possible losses declined to Rs 0.9 million from previous Rs 3.5 million.

The company logged  EPS of Rs 22.16, net worth per share of Rs 149.55 and P/E ratio of 83.95 times.

The company with Rs 107.6 million in paid-up capital reserve fund of Rs 53.3 million. The company  collected deposit of Rs 340 million, borrowed Rs 1.26 billion and extended loan of Rs 1.66 billion.




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