Kathmandu. Support Laghubitta Bittiya Sanstha Limited has published its unaudited financial statements for the second quarter of the current fiscal year. In the first six months of the current FY, the microfinance company has earned a net profit of Rs 3.17 crore. The company had posted a net profit of Rs 1.55 crore in the same period last year. The profit of the microfinance company increased by 104.83 percent compared to the same period of the last FY.
In the review period, the microfinance company had earned a net interest income of Rs 8.94 crore while it had earned a net interest of Rs 5.16 crore in the same period of the previous FY. The net interest income of the microfinance company has increased by 73.20 percent compared to the same period of the last FY.
Other operating profit increased by 11.90 percent. The microfinance company’s total operating income increased by 60.21 percent and operating profit by 73.83 percent. In the second quarter of the last fiscal year, the impairment charge of the microfinance company was Rs 16.65 lakh.
The microfinance company has a paid-up capital of Rs 12.24 crore and reserve fund of Rs 10.89 crore. The microfinance company has a distributable profit of Rs 4.40 crore and distributable earnings per share of Rs 71.92 crore.
Along with the profit, the earnings per share of the microfinance company has also increased. In the review period, the company’s earnings per share increased by Rs 26.55 to Rs 51.87. As of mid-January, the company has a P/E ratio of 34.37 times and net worth per share of Rs 189.01.
