Net Profit of ICFC Finance Increases Despite Decreased Net Interest Income

Apr 26, 2021 01:15 PM Merolagani

The net profit of ICFC Finance has increased by 65 percent in the third quarter of the current FY. 

The net profit increased by 65.74 percent to Rs 177.9 million compared to Rs 107.3 million of the corresponding period of the last FY.

Although the net interest income of the company decreases increase in operating income boosted its net profit.

The net interest income of the company declined by 29 percent while its operating profit increased by 65 percent during the period.

The company has paid-up capital of Rs 1.02 billion and reserve fund of Rs 340 million.

As per the report, it has EPS of Rs 23 and net worth per share of Rs 138.

 

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