NMB Laghubitta Logs Impressive Growth

Jan 24, 2020 11:58 AM Merolagani

NMB Laghubitta Bittiya Sanstha (NMBMF) has increased its net profit by 375.31 percent to Rs 49 million in the second quarter of the current FY compared to Rs 10.3 million in the corresponding period of the last FY.

Increase in net interest income and operating profit as well as recovery of bad debt is attributed to an increase in net profit of the company during the period.

In the review period, the company earned net interest income of Rs 136.7 million and operating profit of Rs 48.1 million. During the period, the company collected deposits of Rs 1.31 billion, borrowed Rs 2.47 billion and extended loans of Rs 3.47 billion.

The company with Rs 210.6 million in paid-up capital has reserve fund of Rs 175.8 million.

During the review period, the company maintained non-performing loan of 2.82 percent, EPS of Rs 46.60, P/E ratio of 17.17 times and net worth per share of Rs 183.521.

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