Performance of United, Nepal Aawas and Sagarmatha Finance in Q4
Thu, Aug 13, 2015 12:00 AM on Others,
ShareSansar, August 13;
United Finance Limited (UFL) has made slim rise in net profit by 7.41 %in the fourth quarter of the fiscal year 2071/72. 
As per the unaudited quarterly report published today the company has earned net profit of Rs 9.09crore in Q4.
The net interest income of the company reached to Rs 19.80 crore in the Q4 rising from Rs 16.23 crore in the previous fiscal year corresponding quarter. The paid up capital of the company remains at Rs 40.34 crore in the Q4 with Rs 18.83 crore in reserve.
UFL’s operating profit increased to Rs 11.96 crore in Q4 from Rs 8.27 crore in the corresponding quarter of the previous fiscal year. The bank has mobilized Rs 4.26 arba in deposits with Rs 3.65 arba loan flow in Q4.
The company’s NPL stands at 0.53% in Q4. Its EPS stands at Rs 22.55 and net worth per share stands at Rs 146.81.
Likewise, Nepal Aawas Finance Limited (NABB) has earned net profit of Rs 1.41 crore for the fourth quarter of fiscal year 2071/2071. The net profit of the finance company has decreased by 2.77% in Q4.
As per the unaudited report for the Q4 published today, the finance company’s net operating profit increased to Rs 2.18 crore up from 1.23 crore in the corresponding quarter of the previous fiscal year.
The bank has collected total deposits of Rs 53.40 crore whereas its loan and advances stood at Rs 64.07crore. The bank reported a net interest income of Rs 4.01 crore and paid up capital remains at Rs 20.08 crore
The company’s non-performing loan (NPL) stood at 1.09 % and CD ratio stands at 79.61%.
Similarly,Sagarmatha Finance Limited has reported a net profit of Rs 8.44 crore in the fourth quarter of the last fiscal year.
Publishing the unaudited quarterly report today, the company has reported an operating profit of Rs 7.90 crore in Q4 increasing from 5.82 crore in the corresponding quarter of the previous fiscal year.
The net interest income of the company has reached Rs 11.88 crore in the Q4 and it has extended Rs 1.98 arba in loan and advances. Likewise it has mobilized Rs 2.47 arba in deposits.
The company’s paid up capital remains at Rs 31.87 crore with reserve Rs 11.62 crore in the fourth quarter.
Its NPL stood at 4.80 %, earnings per share (EPS)at Rs 26.50 and net worth per share stood at Rs136.48.
Sagarmatha Finance Limited and Patan Finance limited has received final merger approval from NRB to start an integrated banking transaction on 15th July, 2015. This is first consolidated balance sheet report of the merged entity.
