Net Profit of Pokhara Finance Increases 26.64%

Nov 02, 2018 Merolagani

Pokhara Finance (PFL) has increased its net profit by Rs 3.9 million to Rs 18.8 million in the first quarter of the current FY compared to Rs 14.8 million in the corresponding period of the last FY.

The company attributed 26.64 percent growth in its net profit to increase in its net interest income and other operating income.

The finance collected a deposit of Rs 4.77 billion while extended loan of Rs 4.40 billion during the period.

During the period, the company doubled its net interest income to Rs 56.1 million. The company with Rs 816.4 million in paid-up capital has reserve fund of Rs 379.7 million.

In the review period, the company maintained bad debt ratio of 1.19 percent, EPS of Rs 9.24, net worth per share of Rs 146.52 and P/E ratio of 16.67 times.

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