RMDC Laghubitta Increases Net Profit by 29.07%

Jul 30, 2019 12:36 PM Merolagani

RMDC Laghubitta has increased its net profit by 29.07 percent to Rs 332.4 million in the fourth quarter of the last FY compared to Rs 257.5 million of the corresponding period of the last FY.

Increase in net interest income and operating profit attributed to the increase in the net profit. The net interest income increased by 19 percent to Rs 483.1 million and operating profit increased by 20.45 percent to Rs 485.6 million during the review period.

During the review period, the company borrowed Rs 6.63 billion and extended loan of Rs 8.22 billion. The company with Rs 799.3 million in paid-up capital has reserve fund of Rs 1.61 billion.

The company has EPS of Rs 41.59, net worth per share of Rs 302.08 and P/E ratio of 15.89 times.

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