Sparsha Laghubitta Improves Net Profit

Oct 24, 2019 11:41 AM Merolagani

Sparsha Laghubitta (SPARS) has earned a net profit of Rs 5.5 million in the first quarter of the current FY compared to loss of Rs 3.1 million of the corresponding period of the last FY.

During the period, the company collected deposits of Rs 192.6 million, borrowed Rs 706.7 million and extended loan of Rs 955.7 million. In the review period, the company earned net interest income of Rs 14.2 million.

The company with Rs 82.9 million in paid-up capital has a reserve fund of Rs 21.3 million. It has EPS of Rs 26.55, net worth per share of Rs 125.72 and P/E ratio of 20 times. The company maintained a non-performing loan of 0.62 percent.

Sparsha Laghubitta has announced 13 percent stock and 0.68 percent cash dividend for the last FY. After the bonus share distribution, the paid-up capital will reach Rs 93.7 million.

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