Pokhara Finance Increases its Net Profit by merely 4%

Jul 26, 2018 Merolagani

Pokhara Finance (PFL) has raised its net profit by merely 4 percent to Rs 91.3 million in the last FY compared to Rs 87.7 million in the previous FY.

The company that increased its paid-up capital by 46 percent through FPO, right issue and bonus share distribution has maintained EPS of Rs 11.19 in the last FY which was Rs 15.75 in the previous FY.

In the review period, the company increased its paid-up capital from Rs 557.4 million to Rs 816.4 million. Similarly, its increased its reserve fund by 66 percent to Rs 357.5 million.

During the period, the company collected deposit of Rs 4.32 billion and extended loan of Rs 4.14 billion.  However, its net interest income has decreased by Rs 18.5 million to Rs 169.9 million.

In the last FY, the company has maintained bad debt of 1.12 percent and net worth per share of 143.79.

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