Arun & Union Finance's NPL stand at 76.62% & 17.17% respectively in Q4; Jebils finance NPL at 2.60%

Arun Finance Limited (ARUN) and Jebils Finance Limited (JEFL) have reported 76.62 percent and 12.06 percent decline in net profit while Union Finance Company Limited (UFCL) has posted net loss of 4.02 lakh in the fourth quarter (Q4) of the last fiscal year 2073/74. Arun Finance has paid up capital of Rs 15 crore with negative reserve of Rs 13.92 crore in Q4. As per the quarterly report published today, Its net interest income has also dropped to Rs 32.23 lakh in the Q4, from Rs 3.16 crore in the corresponding quarter of the previous fiscal year. Arun Finance's non-performing loan (NPL) has declined from 97.64% in the corresponding quarter to 70.18% in fourth quarter. Its Earning per Share (EPS) stood at Rs 9.87, net worth per share is at Rs 7.18 and P/E ratio at 20.65 times. Arun Finance will be issuing 1:1 (100%) right share to its shareholders from Bhadra 6, 2074. After issuance of this 100% right share, its paid up capital will reach Rs 30 crore. It has authorized capital of Rs 1 arba. Likewise, Jebils Finance has paid up capital of Rs 28.89 crore with reserve of Rs 7.87 crore in Q4. Jebils Finance will soon be issuing 100% right share to its shareholders. As the deadline for national level finance companies to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74 is coming near, JEFL has chosen to increase its capital by the way of issuance of right shares. After the issuance of 100% right shares, it will further float the 40% right shares which was endorsed by its SGM—taking its paid up capital to Rs 80.90 crore from existing Rs 28.89 crore. According to the quarterly report published today, Its net interest income has surged to Rs 6.04 crore in the Q4, from Rs 3.99 crore in the corresponding quarter of the previous fiscal year. Jebils Finance's non-performing loan (NPL) has declined from 4.91% in the corresponding quarter to 2.60% in fourth quarter. Its Earning per Share (EPS) stood at Rs 12.55, net worth per share is at Rs 127.26 and P/E ratio at 21.27 times. Meanwhile, Union Finance has paid up capital of Rs 17.65 crore with negative reserve of Rs 5.37 crore in Q4. As per the quarterly report published today, Its net interest income has surged to Rs 2.60 crore in the Q4, from Rs 1.91 crore in the corresponding quarter of the previous fiscal year. Union Finance's non-performing loan (NPL) has declined from 19.09% in the corresponding quarter to 17.17% in fourth quarter. Its Earning per Share (EPS) stood at negative of Rs 0.23, net worth per share is at Rs 43.30 and P/E ratio also negative of 773.93 times. Trading of Union Finance has been suspended from today (Chaitra 10, 2073) in Nepal stock exchange as the finance company is in acquisition process by Deva Bikas Bank.