City Express finance profit slides by 72% in 2nd quarter

January  16, 2019 | Investopaper

City Express finance has published the 2nd quarter report of F. Y. 2075/76. The finance made the profit of Rs. 80.01 lakhs. This is 72% less than the corresponding quarter of the previous year. Last year, the company’s profit stood at Rs.2.83 crores in the 2nd quarter.

The company has paid up capital of Rs. 32.85 crores, reserve & surplus of Rs. -19.28 crores. It has floated loans & advances of Rs. 9.34 crores till the 2nd quarter. The non-performing loans stand at 25.34%. Also, the EPS and Networth per share is 4.95 and 41.57 respectively, as of 2nd quarter 2075/76.


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