Bhaktapur Finance Q4 earnings shoot through the roof; profit surges 299.08% to 95.42 lakh
Sun, Aug 2, 2015 12:00 AM on Others,
ShareSansar, August 2:
Bhaktapur finance Company Limited (BFCL) has reported a massive profit rise of 299.08% for the fourth quarter (Q4) of the last fiscal year 2071/72.
According to the unaudited quarterly report for the fourth quarter published today, the finance company has amassed a net profit of Rs 95.42 lakhs in the fourth quarter of fiscal year 2071/72, a huge growth from Rs 23.91 lakhs reported in the corresponding quarter of the previous year 2070/71.
In the fourth quarter Bhaktapur’s net interest income has risen to Rs 2.13 crore, up from Rs 1.67 crore in the corresponding quarter.
It also collected Rs 42,30 crore in deposits and disbursed Rs 29.61 crore in loans as compared to Rs 36.81 crore in deposits and Rs 2,75 crore in loans in the corresponding quarter last year.
The finance company brought down its non-performing loans to 4.88 % in Q4 from 9.71 % in corresponding quarter of previous year. The company’s paid up capital remains at Rs 20 crore.
Its CD ratio stands at 46.02%. Its EPS stands at Rs 4.77 and its net worth per share is priced at Rs 110.29.
