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Lalitpur Finance earns Rs 9.31 crore in Q2; NPL up to 89.19%

- ShareSansar, March 29, 2017  on Company Analysis , Featured , Financial Analysis , Latest , Stock Market
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Lalitpur Finance Limited (LFC) has posted a net profit of Rs 9.31 crore in the second quarter of the ongoing fiscal year 2073/74.

As per the unaudited financial statement published by the finance company today, its net profit has increased to Rs 9.31 crore from a loss of Rs 2.10 crore posted in the same period last year. With a net interest income of only Rs 1.13 crore, write back of Rs 5.41 crore has helped LFC post a positive net profit in this quarter.

However, its non-performing loan (NPL) has increased to 89.19% from 70.12% in the second quarter last year. As per this unaudited report, it has not set aside any provision for loss as of the second quarter end.

LFC’s paid up capital currently stands at Rs 18.79 crore with a negative reserve of Rs 17.92 crore. This has reduced its net worth per share to only Rs 4.62.

LFC has not conducted its AGM for the FY 2072/73 yet.

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