Nadep Laghubitta’s Net Profit Declines by 28.96%

Aug 01, 2022 10:44 AM Merolagani



Nadep Laghubitta Bittiya Sanstha (NADEP) 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 114 million in the review period compared to Rs 160.6 million of the corresponding period of the last FY. The net profit declined by 28.96 percent during the period.

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

In the review period, its net interest income decreased by 17.95, total operating income by 14.88 percent and operating profit declined by 47.75 percent.

During the period, its reserve fund increased by 36.82 percent. Similarly, its borrowing increased by 4.78 percent, deposits by 14.70 and loan extensions by 13.44 percent.

In the review period, it logged EPS of Rs 23.49 and net worth per share of Rs 180.84.