RMDC Laghubitta Earns Net Profit of Rs 73.5 Mn

Oct 25, 2019 11:46 AM Merolagani

RMDC Laghubitta (RMDC) has increased its net profit by 2.5 million to Rs 73.5 million in the first quarter of the current FY compared to Rs 70.9 million of the corresponding period of the last FY.

In the review period, the company borrowed Rs 7.55 billion and extended loan of Rs 8.11 billion. In the review period of the last FY, the company borrowed Rs 5.90 billion and extended loan of Rs 7.14 billion.

During the period, the company earned net interest income of Rs 118.5 million that was Rs 113.7 million in the last FY.

The company with Rs 799.3 million in paid-up capital has reserve fund of Rs 1.68 billion.

The company maintained EPS of Rs 36.89, net worth per share of Rs 311.10 and P/E ratio of 16.58 times.

RMDC Laghubitta has decided to propose 25 percent dividend including 12.5 percent bonus share and 12.5 percent cash dividend to its shareholders. After the bonus share distribution, the paid-up capital will reach Rs 899.3 million.

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