Srijana Finance Increases Net Profit Despite Decrease in Net Interest Income

Aug 12, 2019 11:41 AM Merolagani

Srijana Finance (SFFIL) has managed to increase its net profit by 18.43 percent backed by Rs 150 million increase in operating income despite a huge decrease in net interest income by Rs 100 million.

In the last FY, the company earned a net profit of Rs 155.8 million, a growth Rs 24.2 million compared to Rs 131.5 million of the corresponding period of the previous FY.

In the fourth quarter of the last FY, the company earned Rs 226.9 million in other operating income and Rs 158.6 million in net interest income. The net interest income decrease by Rs 101.6 million in the review period.

The company with Rs 719.8 million in paid-up capital has reserve fund of Rs 270.9 million. In the review period, the company collected deposit of Rs 7.15 billion and extended loan of Rs 4.79 billion.

During the period, the company maintained non-performing loan of 0.34 and EPS of Rs 34.14.

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