Swabalamban Laghubitta Earns Rs 280 Mn in Net Profit

May 03, 2019 Merolagani

The net profit of Swabalamaban Laghubitta (SWBBL) has increased by Rs 21 percent to Rs 285.5 million in the third quarter of the current FY compared to Rs 235.9 million of the corresponding period of the last FY.

During the period, an increase in net interest income and other operating income pulled its net profit up however failure to increase income proportionately with capital increment pushed its EPS down.

The company with Rs 628.8 million in paid-up capital has a reserve fund of Rs 987.9 million. In the review period, the company collected deposit of Rs 7.76 billion, borrowed Rs 5.11 billion and extended loan of Rs 13.13 billion.

In the review period, the company earned Rs 769 million in net interest income compared to Rs 625.4 million of the review period of the last FY.

The company has bad debt of 0.92  percent, EPS of Rs 60.53, net worth per share of Rs  257.10 and P/E ratio of 13.66 times.  

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