In the last FY, 15 finance companies earned a total net profit of Rs 1.33 billion compared to Rs 1.97 billion of the corresponding period of the previous FY.
In the las FY, Best Finance earned the highest net profit of Rs 167.2 million. The net profit increased by 102 percent compared to the net profit of previous FY.
However, Manjushree Finance’s net profit declined by the highest i.e 80 percent during the period.
Along with net profit, the distributable profit of the companies has also decreased by 67 percent.
During the review period, Nepal Finance logged the highest growth i.e. 103 percent in distributable profit, however, all other finance companies have logged decline in distributable profit.
Ultimately, the companies will apparently distribute lesser dividend than the previous FY.
