Net Profit of Samata Laghubitta Increases 257.84%

Jan 24, 2020 12:54 PM Merolagani

Samata Laghubitta Bittiya Sanstha (SMATA) has earned a net profit of Rs 25.8 million in the second quarter of the current FY compared to Rs 7.2 million in the corresponding period of the last FY. The net profit increased by 257.84 percent in the review period.

Increase in net interest income and operating profit, as well as recovery of bad debt, helped to boost its net profit during the period.

During the period, the company collected deposits of Rs 602.3 million, borrowed Rs 842.2 million and extended loans of Rs 1.53 billion.

In the review period, the company earned a net interest income of 54.8 million and an operating profit of Rs 14.6 million.

The company with Rs 191.1 million in paid-up capital has a reserve fund of Rs 91.5 million.

During the review period, the company maintained a non-performing loan of 1.68 percent, EPS of Rs 27.03, P/E ratio of 25.05 times and net worth per share of Rs 147.88.

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