Nagbeli laghubitta reports decline in profit; EPS remains at Rs. 13.98 only!!!

February 13, 2019 | Investopaper

Nagbeli Laghubitta has published its second-quarter report of FY 2075/76 today. The unaudited report has shown a 9.78% decline in its net profit as compared to last year’s corresponding quarter. The net profit stands at Rs. 1.07 crores for this quarter. Last year, the microfinance made a profit of Rs. 1.19 crores in the second quarter.

The paid-up capital stands at Rs. 16.77 crores including the bonus shares. Similarly, reserve & surplus is at Rs. 7.37 crores. The microfinance has loans and advances of  Rs. 73.22 crores.  Also, the company reported a net interest income of Rs. 3.55 crores in this period which is 42.32% more than the previous year’s 2nd quarter.

The nonperforming loan stands at 4.81%, a rise from 3.29% last year. Annualized EPS is at Rs. 13.98 as per the 2nd quarter. The cost of fund stands at 9.50%. The market price as of Magh 29,2075  stands at Rs. 710.


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