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Manjushree Finance reports 15.5% increase in net profit

SPIL
Nepal Life

Kathmandu. Manjushree Finance is the current fiscal year 2082. It has made public the financial statements for the second quarter of 83 months (July-December).

According to the financial report, the company has earned a profit of Rs 13.53 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 11.7 crore in the second quarter of 2018-19. Accordingly, the profit of the company increased by 15.63 percent compared to the previous year.

Esewa
Crest

The operating profit of the company declined to Rs 19.12 crore in the first quarter of the current fiscal year. Operating profit was Rs. 21.61 crore in the same period of the previous year. The operating profit of the company decreased by 11.54 percent.

The company has earned Rs 45.32 crore in interest till mid-January. The company had posted a net profit of Rs 39.80 crore in the same period last year. Interest income increased by 13.87 percent in the review period compared to the previous year.

The company has paid-up capital of Rs 1.35 billion with retained earnings of Rs 23.56 crore and reserve of Rs 78.20 crore. In the previous year, the retained earnings stood at Rs 35.78 crore and the reserve was Rs 73.54 crore.

During the review period, the company collected deposit of Rs 22.48 billion and extended loan of Rs 19.61 billion. The company had collected deposit of Rs 21.03 billion and extended loan of Rs 17.71 billion in the same period last year.

The company’s annualized earnings per share (EPS) increased to Rs 20.03 in the second quarter of the current FY. EPS stood at Rs. 17.33 in the same period last year. The bank has a net worth of Rs 175.29 per share with a P/E ratio of 39.89 times.

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