RSDC Laghubitta Raises Net Profit by 71%

Aug 04, 2019 11:06 AM Merolagani

RSDC Laghubitta Bittiya Sanstha  (RSDC) has increased its net profit by 71.22 percent to Rs 64.1 million in the fourth quarter of the last FY compared to Rs 37.4 million of the corresponding period of the previous FY.

The company with Rs 633.5 million in paid-up capital has a reserve fund of Rs 169.2 million. The reserve fund increased by 137 percent in the review period.

The huge growth in net profit increased its EPS to Rs 10.13 from earlier Rs 7.70.

During the period, the company borrowed Rs 1.80 billion and extended loan of Rs 2.51 billion. It earned Rs 122.9 million in net interest income during the period.

The company logged non-performing loan of 0.25 percent, net worth per share of Rs 126.71, cost of fund of 11.02 percent and P/E ratio of 33.86 times during the fourth quarter.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM