Support Laghubitta Raises Net Profit

Jan 24, 2025 01:32 PM Merolagani



Support Laghubitta Bittiya Sanstha (SMB) has published its second quarter report of the current FY. As per the report, the company recorded increase in net profit during the period.

In the review period, the company earned net profit of Rs 15.5 million which is 79.39 percent growth compared to Rs 864.2 million of the corresponding period of the last FY.

Increase in net interest income can be attributed to the increase in net profit during the period.

In the review period, its net interest income increased by 75.75 percent and othe operating income by 5.06 percent. Similarly, its total operating income increased by 50.86 percent and operating profit by 224.75 percent.

Along with net profit, its EPS increased by Rs 7.17 to Rs 25.32. The company has net worth per share of Rs 141.32.

The company with Rs 122.4 million in paid-up capital has reserve fund of Rs 50.5 million. The company borrowed Rs 1.19 billion, collected deposit of Rs 388.8 million and extended loans of Rs 1.75 billion.

 




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