Mithila Laghubitta Earns 23.5 Mn Net Profit

Aug 13, 2020 12:51 PM Merolagani

Mithila Laghubitta (MLBBL) has earned a net profit of Rs 23.5 million in the fourth quarter of the last FY compared to Rs 19.1 million of the corresponding period of the previous FY.

Increase in net interest income and operating profit pulled its net profit during the period.

In the last FY, the company earned a net interest income of Rs 76.5 million compared to Rs 58.7 million of the previous FY. Similarly, it increased its operating profit from Rs 29.5 million to Rs 33.4 million.

In the last FY, the company collected deposit of Rs 350.9 million and loan extension of Rs 1.21 billion. The company with Rs 105.8 million in paid-up capital has reserve fund of Rs 64.5 million.

The company logged non-performing loan of 1.59 percent, EPS of Rs 22.23, net worth per share of Rs 160.95 and P/E ratio of 36.66 times.

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