Net Profit of United Finance Grows Significantly

Jan 22, 2019 Merolagani

The net profit of United Finance (UFL) has increased whopping 219.20 percent in the second quarter of the current FY. The company that earned net profit of Rs 10.4 million in the review period of the last FY earned net profit of Rs 33.3 million in the review period of the current FY.

In the review period, the company earned a net profit of Rs 140.1 million that was Rs 47.4 million in the last FY.

United Finance with Rs 800.5 million in paid-up capital has reserve fund of Rs 216.8 million. During the period, the company collected deposit of Rs 5.97 billion, borrowed Rs 150 million and extended loan of Rs 5.34 billion.

The company has reduced its bad debt to 0.99 percent from earlier 1.55 percent. The company has EPS of Rs 8.33, net worth per share of Rs 127.9 and P/E ratio of 19.81 times.


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