Nadep Laghubitta’s Net Profit and Interest Income Decline

Apr 27, 2022 10:06 AM Merolagani



Nadep Laghubitta Bittiya Sanstha (NADEP) has published its third quarter report of the current FY. As per the company’s report, its net profit as well as its net interest income have decreased compared to the corresponding period of the last FY.

In the review period, the company earned a net profit of Rs 113.7 million, a decline of 49.98 percent compared to  Rs 56.9 million of the review period of the last FY.

Decrease in net interest income and operating profit can be attributed to the increase in the net profit.

During the period, the company logged 19.14 percent decrease in net interest income and 17.02 percent in total operating income and operating profit by 51.20 percent.

The company increased its borrowing by 2.52 percent, deposits by 13.86 percent and loans by 11.65 percent. It increased its paid-up capital by 20 percent and reserve fund by 3.40 percent.

The company logged EPS of Rs 15.62 and net worth per share of Rs 169.57.