The increase in net profit is attributed to controlled expenses as well as an increase in net interest income and operating profit. Moreover, the company also decreased its bad debt in the review period.
Presently, the company has paid-up capital of Rs 101 million and a reserve fund of Rs 94.1 million.
In a bid to increase its paid-up capital, the company is set to issue 100 percent right shares for which it has already obtained SEBON approval. On the other hand, the company is in merger process with Nagarik Laghubitta due to which its stock trading is suspended in NEPSE.
In the third quarter, the company has collected deposit of Rs 562.3 million, borrowed Rs 930.4 million and extended loan of Rs 1.67 billion. The company earned Rs 90.2 million in net interest income. The income increased by 51.76 percent during the review period.
The company that has 0.763 percent bad debt maintained EPS of Rs 59.16, P/E ratio of 19.07 times and net worth per share of Rs 193.13 in the review period.
