Net Profit of Swadeshi Laghubitta Increases

Jan 28, 2020 11:30 AM Merolagani

Swadeshi Laghubitta Bittiya Sanstha (SDESI) has increased its net profit by 82.46 percent to Rs 48.2 million in the second quarter of the current FY compared to the corresponding period of the last FY.

During the period, the company collected deposit of Rs 1.19 billion, borrowed Rs 2.60 billion and extended loan of Rs 3.77 billion. Through this, the company earned net interest income of Rs 154.8 million in the review period.

Similarly, the operating profit of the company increased by Rs 33.7 million to Rs 75.8 million during the period.

The company with Rs 27.6 million in paid-up capital has reserve fund of Rs 147.9 million.

During the review period, the company recorded non-performing loan of 1.82 percent, EPS of Rs 34.98, P/E ratio of 21.10 times and net worth per share of Rs 153.62.

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