Nepal Seva Laghubitta shows loss till the second quarter; NPL rises to 4.86%
February 14, 2019 | Investopaper
Nepal Seva Laghubitta has published its second-quarter report of FY 2075/76. The unaudited report has shown a loss of Rs. 37.98 lakhs. Last year, the microfinance made a profit of Rs. 14 thousand till the second quarter.
The paid-up capital stands at Rs. 6 crores. Similarly, reserve & surplus is at Rs. 47.26 lakhs. The microfinance has loans and advances of Rs. 33.62 lakhs. Also, the company reported a net interest income of Rs. 95.05 lakhs in this period which is 20.12% more than the previous year’s 2nd quarter.
The nonperforming loan stands at 4.86%, a rise from 3.55% last year. The cost of fund stands at 11.17%. The market price as of Falgun 1,2075 stands at Rs. 605.
