Goodwill Finance's Profit Decreases 27.64%

Aug 02, 2017 Merolagani

The net profit of Goodwill Finance (GFCL) has decreased significantly by 27.64 percent to Rs 96 million from Rs 132.7 million of the last FY.

Meanwhile, the company increased its paid-up capital by 60.23 percent to Rs 581.6 million from Rs 363 million.

Due to the weighty increase in capital, its EPS has dropped significantly. The EPS of the company which was Rs 36.58 decreased to Rs 21.17 during the last FY.

Presently, the company has reserve fund of Rs 192.8 million. However, its bad debt decreased to 1.51 percent from 2.39 percent. The net worth per share of the company stands at Rs 142.50 whereas its P/E ratio is 9.49 times.

 

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