Goodwill Finance Increases Net Profit by Rs 1.1 Mn

Jan 30, 2018 Merolagani

In the second year of the current FY, Goodwill Finance has increased its net profit by Rs 1.1 million to Rs 30.8 million from Rs 29.7 million of the corresponding period of the last FY.

The company that has already met the minimum paid-up capital has Rs 148.6 million in its reserve fund. In the review period, the company collected deposit of Rs 4.79 billion and extended loans of Rs 4.07 billion.

Goodwill Finance spent Rs 221.6 million in interest expenses and earned Rs 289.8 million in interest income.

Similarly, the other operating income, employee expenses and other operating expenses of the company increased by Rs 3 million, 1.5 million and 1.2 million respectively.

Likewise, during the period, non-performing loans of the company increased to 2.21 percent to 1.99 percent.

The company has EPS of Rs 7.72, net worth per share of Rs 118.59, cost of fund of 9.51 percent, capital fund ratio of 19.26 percent and liquidity ratio of 33.92 percent.

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