United Finance Increases Net Profit, Distributable profit

May 07, 2020 12:18 PM Merolagani

The net profit of United Finance (UFL) has increased by Rs 20.4 million to 71.6 million in the third quarter of the current FY compared to Rs 51.2 million of the corresponding period of the last FY.

Although the company managed to increase its net profit, it has negative distributable profit of Rs 776,000. Given that the company transferred Rs 14.3 million in general reserve and Rs 64.4 million in regulatory adjustment, the company incurred negative balance in distributable profit.

In the review period, the company collected deposit of Rs 6.59 billion and extended loan of Rs 5.81 billion. The company earned Rs 266.2 million in net interest income and operating profit of Rs 102.3 million.

The company with Rs 1.04 billion in paid-up capital has reserve fund of Rs 241.6 million, shareholders fund of Rs 77.6 million and share premium of Rs 158.6 million. The company has EPS of Rs 9.18, total asset per share of Rs 791.86 and P/E ratio of 18.52 times.

comments powered by Disqus

Nepal Reinsurance Company Announces Dividend

Apr 16, 2024 10:15 AM

Nepal Reinsurance Comapny (NRIC) has announced dividend of the last FY.

Gold Price Breaks Previous Record

Apr 19, 2024 11:12 AM