NMB Laghubitta Publishes Q1 Report; Earns Rs 15 Mn in Net Profit

Oct 21, 2019 09:44 AM Merolagani

NMB Laghubitta Bittiya Sanstha (NMBMF) has earned a net profit of Rs 15.2 million in the first quarter of the current FY. The net profit increased by Rs 14.2 million compared to Rs 1.01 million of the corresponding period of the last FY.

During the period, the company controlled increased staff expenses and other operating expenses, thus, boosting its net profit for the period.

In the review period, the company collected deposit of Rs 1.18 billion, borrowed Rs 2.19 billion and extended loan of Rs 3.08 billion.

Through the fund mobilization, the company earned Rs 59.9 million in net interest income which grew by Rs 15.8 million compared to the review period of the last FY.

The company with Rs 162 million in paid-up capital has reserve fund of Rs 162.6 million. During the period, it maintained EPS of Rs 37.74, net worth per share of Rs 200.39.

The company has bad debt of 2.27 percent and has provision for possible losses of Rs 3.1 million.

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