Net profit of Mirmire Laghubitta Increases

Jan 24, 2021 10:59 AM Merolagani

Mirmire Laghubitta Bittiya Sanstha (MMFDB) has earned a net profit of Rs 75.1 million in the second quarter of the current FY. The net profit increased by 88.77 percent compared to Rs 39.8 million of the corresponding period of the last FY.

The net profit increased by Rs 53.4 million compared to the first quarter of the current FY.

Increase in net interest income and other operating income can be attributed to the boost in the net profit.

By the review period, the company increased its net interest income by Rs 75.7 million to Rs 179.2 million and other operating income by Rs 33.5 million to Rs 73 million. During the period, the company increased operating profit by Rs 65.2 million to Rs 119.2 million.

The company has a paid-up capital of Rs 398.6 million and reserve fund of Rs 205.4 million. During the period, the company collected deposit of Rs 1.67 billion, borrowed Rs 3.35 billion and extended loan of Rs 5.46 billion.  

During the period, the bad debt of the company increase to 2.8 percent from 1.48 percent. The company has maintained Rs 16.7 million in provision for possible losses.

The company logged EPS of Rs 37.94, P/E ratio of 38.09 times and net worth per share of Rs 151.55. 

comments powered by Disqus

Nepal Reinsurance Company Invests Rs 17 Billion; 76% in FD of Commercial Banks

Mar 07, 2021 03:38 PM

Nepal Reinsurance Company (NRIC) has invested Rs 17.19 billion in various sectors as per the data provided by Insurance Board (IB).

Support Laghubitta Calls Out AGM

Mar 07, 2021 01:06 PM