Best Finance Logs Huge Growth

Apr 30, 2019 Merolagani

Best Finance (BFC) has earned a net profit of Rs 77.3 million in the third quarter of the current FY compared to Rs 34.6 million of the corresponding period of the last FY. The net profit grew by 123 percent in the review period.

The company with Rs 810 million in paid-up capital has reserve fund of Rs 104.9 million. In the review period, the company collected deposit of Rs 2.28 billion and extended loan of Rs 2.18 billion.

In the review period, the company earned Rs 107.1 million in net interest income. During the period, the company recovered bad debt of Rs 94.6 million attributing the huge net profit earning.

The company has bad debt of 16.95 percent, EPS of Rs 9.54, net worth per share of Rs 87.04 and P/E ratio of 10.2 times.  

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