Mithila Laghubitta Increases Net Profit by 45.96%

Feb 08, 2019 Merolagani

Mithila Laghubitta (MLBBL) has increased its net profit by 45.96 percent to Rs 7.1 million in the second quarter of the current FY compared to Rs 4.8 million of the corresponding period of the last FY.

The company with Rs 65.9 million in paid-up capital has EPS of Rs 14.82 and reserve fund of Rs 29.4 million.

In the review period, the company increased its deposit collection by 48.32 percent to Rs 211.6 million and loan extension by 46.60 percent to Rs 728.9 million. The company borrowed Rs 462.5 million during the period.

In the first six months of the current FY, the company earned Rs 58.2 million in interest income and Rs 33.2 million in interest expenses, thus, earning Rs 24.9 million in net interest income.

The company has bad debt ratio of 3.24, net worth per share of Rs 144.65 and P/E ratio of 42.32 times.

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