Adhikhola Laghubitta publishes unaudited quarterly report for Q4; reports growth in all major indicators

Mon, Sep 9, 2019 1:19 PM on Financial Analysis, Latest,
Adhikhola...

Adhikhola Laghubitta Bittiya Sanstha Limited (AKBSL) has reported an increase in net profit in the fourth quarter of the fiscal year 2075/76.

According to the unaudited financial report for the fourth quarter published today, the microfinance has stated that its net profit increased to Rs.1.58 Crore in the fourth quarter as compared to loss of Rs.16.31 Lakhs in the corresponding quarter of the last fiscal year 2074/75.

Its deposits have increased to reach Rs.22.75 Crore in the fourth quarter of the fiscal year 2075/76 from Rs.10.31 Crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs.67.68 Crore in the fourth quarter of fiscal year 2075/76.

The borrowing of the microfinance has increased from Rs.27.53 Crore in the corresponding quarter of the previous year to Rs.41.55 Crore in the fourth quarter of the fiscal year 2075/76.

Its net interest income has also increased to Rs.4.08 Crore in the Q4 up from Rs.1.28 Crore compared to the corresponding quarter of the last fiscal year.

Adhikhola Laghubitta’s paid up capital stand at Rs.10 Crore and reserve and surplus is Rs.2.06 Crore in fourth quarter of FY 2075/76. The NPL by the end of the fourth quarter stood at 1.23%.