Net Profit of Suryodaya Womi Laghubitta Declines

Aug 01, 2022 10:00 AM Merolagani



Suryodaya Womi Laghubitta Bittiya Sanstha (SWMF) has published its fourth quarter report of the last FY. As per the report, the net profit of the company has declined in the review period compared to the corresponding period of the previous FY.

The company earned a net profit of Rs 139.6 million in the review period compared to Rs 160.5 million of the corresponding period of the last FY. The net profit declined by 13.02 percent during the period.

Although the company increased its net interest income, increase in operating expenses and employee expense can be attributed to the decrease in the net profit.

In the review period, its net interest income increased by 45.67 and total operating income by 47.11 percent.

However, its operating profit declined by 16.06 percent during the period.

During the period, its paid-up capital increased by 92.26 percent and  reserve fund  by 89.52 percent. Similarly, its borrowing increased by 167.97 percent, deposits by 161.75 and loan extensions by 136.18 percent.

In the review period, it logged EPS of Rs 17.63, P/E ratio of 44.41 times and net worth per share of Rs 170.55.

 




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