Laxmi Laghubitta's Net Profit Increases 9%

Jan 21, 2019 Merolagani

Laxmi Laghubitta (LLBS) has earned a net profit of Rs 48.5 million in the second quarter of the current FY. The net profit increased by 8.87 percent compared to Rs 44.5 million of the corresponding period of the last FY.

In the review period, the company increased its net interest income to Rs 136.6 million from Rs 117.4 million. During the period, the company collected deposit of Rs 1.09 billion, borrowed Rs 1.73 billion and extended loan of Rs 3.12 billion.

The company with Rs 242 million in paid-up capital has reserve fund of Rs 154.3 million. However, it's bad debt raised to 1.21 percent from 1.13 percent.

The company has maintained EPS of Rs 40.10, net worth per share of Rs 176.16 and P/E ratio of 20.40 times.

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