Laxmi Laghubitta Increases Net Profit by 27%

Jan 24, 2021 10:39 AM Merolagani

In the second quarter of the current FY, Laxmi Laghubitta Bittiya Sanstha (LLBS) has earned a net profit of Rs 90.4 million. The net profit increased by 27.51 percent compared to Rs 70.8 million earned in the corresponding period of the last FY.

Increase in net interest income as well as operating profit helped the company to increase its net profit.

By the review period, the company increased its net interest income by 22.89 percent to Rs 223.9 million and operating profit by 27.89 percent to Rs 142.1 million.

The company has a paid-up capital of Rs 324.5 million and reserve fund of Rs 283.3 million. During the period, the company collected deposit of Rs 1.87 billion, borrowed Rs 3.29 billion and extended loan of Rs 5.50 billion.  

During the period, the bad debt of the company increase to 4.42 percent from 1.55 percent. The company has maintained Rs 37.2 million in provision for possible losses.

The company logged EPS of Rs 56.49, P/E ratio of 36.38 times and net worth per share of Rs 182.28. 

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