Everest Finance net profit upturns by 76.32%; NPL stood at 0.39%

ShareSansar, August 3: Everest Finance Company Limited (EFL) has posted 76.32%  rise of net profit  in the fourth quarter of the last fiscal year 2071/72. Publishing the unaudited financial quarterly report today, the finance company has stated that its net profit rose to Rs  2.25 crore in the last fiscal year 2071/72 up from Rs 1.27 crore net profit in the corresponding period of the previous fiscal year 2070/71. Everest financ net interest income has also increased to Rs 5.32 crore in Q4 from Rs 3.35 crore in the corresponding quarter. It also mobilized Rs 99.90 crore in deposit and Rs 84.65 crore in loan in Q4 as compared to Rs 71.35 crore in deposit and Rs 65.70 crore in loan in the corresponding quarter last year. The finance company non-performing loans decreased to 0.39 % in Q4 from 0.73 % in corresponding quarter of previous year. The company’s paid up capital remains at Rs 12.06 crore. Its CD ratio stands at 73.13 %, P/E ratio stands at Rs 10.59 and net worth per share is priced at Rs 131.41. Click here for announcement