Net Profit of Pokhara Finance Decreases

Apr 30, 2019 Merolagani

The net profit of Pokhara Finance (PFL) has decreased by Rs 2.4 million to Rs 62.8 million in the third quarter of the current FY compared to Rs 65.3 million of the corresponding period of the last FY.

The decrease in net profit is attributed to increase in staff expenses and other operating expenses.

The company with Rs 857.2 million in paid-up capital has reserve fund of Rs 312 million. In the review period, the company collected deposit of Rs 5.65 billion and extended loan of Rs 5.2 billion.

In the review period, the company earned Rs 186.3 million in net interest income compared to Rs 126.2 million of the review period of the last FY.

The company has bad debt of 1.4 percent, EPS of Rs 9.77 , net worth per share of Rs  136.40 and P/E ratio of 13.61 times.  

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