Womi Laghubitta Earns Net Profit of Rs 41.6 Mn

Jan 29, 2020 11:19 AM Merolagani

Womi Laghubitta Bittiya Sanstha (WOMI) has earned a net profit of Rs 41.6 million in the second quarter of the current FY. The net profit increased by 58.51 percent compared to the corresponding period of the last FY.

Although the company increased its net profit, the earning per share (EPS) of the company has decreased in the review period. The company that logged EPS of Rs 51.94 decreased by Rs 24.48 to Rs 27.46 in the review period.

Failure to increase its net profit compared to paid-up capital decreased the EPS during the period. The paid-up capital of the company increased to Rs 303 million from previously Rs 101 million. Similarly, the company has reserve fund of Rs 159.3 million.

 In the period, the company collected deposit of Rs 781.6 million, borrowed Rs 1.20 billion and extended loans of Rs 2.37 billion. In the review period, the company increased its net interest income by Rs 38.6 million to Rs 96.9 million.  Similarly, the operating profit of the company increased by Rs 24.8 million to Rs 66 million compared to the last FY.

The company that allocated Rs 9.4 million in provision for possible losses has bad debt of 1.03, P/E ratio of 34.45 times and net worth per share of Rs 152.56.

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