Mahuli Laghubitta Records Decline in Net Profit

Oct 23, 2022 09:45 AM Merolagani



Mahuli Laghubitta Bittiya Sanstha (MSLB) has published its first-quarter report of the current FY. As per the report, the net profit of the company has decreased in the review period compared to the corresponding period of the last FY.

 

The company earned a net profit of Rs 5.8 million in the review period compared to Rs 26.8 million of the corresponding period of the last FY. The net profit decreased by 78.29 percent during the period.

Decrease in 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 4.47 percent and total operating income by 2.39 percent. Similarly, its operating profit decreased by 78.68 percent. It has maintained impairment charge of Rs 29.3 million.

The company with Rs 282.1 millionin paid-up capital has reserve fund of Rs 326.3 million. During the period, its borrowing increased by 3.52 percent and loan by 7.73 percent.

In the review period, it logged EPS of Rs 8.26, P/E ratio of 128.41 times and net worth per share of Rs 215.66.




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