Manjushree Finance Raises Net Profit by 50%

Apr 17, 2018 Merolagani

Manjushree Finance Company (MFIL) has increased its net profit by 50 percent. According to the third quarter report published by the company, it earned a net profit of Rs 54.6 million in the review period of the current FY compared to Rs 35.6 million of the corresponding period of the last FY.

In the review period, the company collected deposit of Rs 5.61 billion and extended loan of Rs 4.97 billion. The finance also raised its reserve fund to Rs 152.3 million from earlier Rs 64.7 million.

Similarly, the company increased its net interest income from Rs 26.2 million to Rs 116.1 million and operating profit from 370 million to Rs 59.8 million. The company has maintained provision for possible loss at Rs 12.2 million.

The company has been able to decrease its bad debt ratio to 0.58 percent from 2.13 percent.

During the period, the company increased its paid-up capital to Rs 724.3 million from Rs 623.9 million. The company is distributing bonus share and issuing 5 percent right shares to meet the minimum paid-up capital of Rs 800 million.

The company has EPS of Rs 10.06, net worth per share of Rs 121.45 and P/E ratio of 12.82 times.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM