Unnati Laghubitta Raises Net Profit by 49.69%

Nov 14, 2019 09:14 AM Merolagani

Unnati Laghubitta Bittiya Sanstha (UMB) has increased its net profit by 49.69 percent to Rs 12.6 million in the first quarter of the current FY compared to Rs 8.4 million of corresponding period of the last FY.

The company with Rs 88.2 million in paid-up capital has reserve fund of Rs 95.3 million.

During the period, the company collected deposit of Rs 596.6 million, borrowed Rs 1.05 billion and extended loan of Rs 1.55 billion. Similarly, the company earned net interest income of Rs 36.2 million and operating profit of Rs 19.6 million.

During the review period, the company maintained non-performing loan of 1.85 percent, EPS of Rs 57.33, P/E ratio of 15.32 times and net worth per share of Rs 208.04.

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