NIC Asia Laghubitta’s Net Profit along with Net Interest Income

Jan 31, 2023 11:57 AM Merolagani

NIC Asia Laghubitta Bittiya Sanstha (NICLBSL) has published its second quarter report of the current FY.

 As per the company, the company logged a decline in net profit as well as its net interest income  in the review period compared to the corresponding period of the last FY.

During the period, the company earned a net profit of Rs 149.2 million which is 61.85 percent decline compared to Rs 391.3 million of the last FY.

decrease in net interest income and net fee and commission income can be attributed to the decrease in net profit.

In the review period, the company decreased its net interest income by 34.86 percent, net fee and commission income by 69.36 percent, total operating income by 40.67 percent and operating profit by 61.89 percent.

During the period, the company increased its reserve fund by 24.93 percent. It raised its borrowing by 27.02 percent, deposit by 20.68 percent and loans by 44.78 percent.

Along with its net profit, its EPS declined by Rs 27.70 to Rs 17.17. it logged net worth per share of Rs 155.52 and P/E ratio of 47.64 times.

The company reserve increased by 10.57 percent. Similarly, it deposit collection and borrowing declined by 5.74 percent and loans by 3.25 percent.

 

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