United Finance Logs Attractive Net Profit in Q4

Jul 18, 2019 11:01 AM Merolagani

United Finance has logged an attractive net profit in the fourth quarter of the last FY.  

In the fourth quarter of the last FY, the company increased its net profit by 70 percent to Rs 109.4 million compared to Rs 64.1 million of the corresponding period of the previous FY.

In the year's period, the company earned Rs 312 million in net interest income. The interest income increased by Rs 84.7 million compared to the previous FY.

The company with Rs 1.01 billion in paid-up capital has raised its reserve fund by 114 percent to Rs 482.1 million.

The company decreased its non-performing loan to 0.65 percent to 0.68 percent during the period. Similarly, the EPS of the company increased to Rs 10.83 compared to Rs 8.01of the previous FY.

The company recorded net worth per share of Rs 147.72 and P/E ratio of 17.72 times in the Q4.

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