Kaski Finance reports modest growth in Q4, 19.1 % increase in profit, NPL stands at 0.63%
Wed, Aug 5, 2015 12:00 AM on Others,
ShareSansar, August 5;
Pokhara based Kaski Finance Limited (KAFIL) has earned net profit of Rs. 6 crore 42 lakh in the Q4 of the last fiscal year 2071/72.
As per the press release published today , the finance company has earned the operating profit of Rs. 10 crore 10 lakh and collected Rs. 2 arba 80 crore in deposits and disbursed Rs 2 arba 43 crore loan and advance as of Asad end 2072.
The finance company’s paid up capital remains Rs 28.35 crore. Its net interest income increases to Rs 13.74 crore from Rs 11.27 as of the corresponding quarter of the previous fiscal year.
The company’s non-performing loans stand at 0.63% whereas the CD ratio is 76.22%.The EPS, Net worth Per Share and P/E ratio remains Rs 22.65, Rs 135.50 and 10.90 times respectively.
Recently, Kaski Finance Limited had signed a Memorandum of Understanding (MOU) with Pokhara based Kamana Bikas Bank Limited(KMBL) for the merger to form a National level development bank, which will be named Kamana Bikas Bank Limited with the logo of Kaski Finance Limited.
The company is providing services from AmarSingh Chowk Pokhara, Paardi –Birauta, Deep Pokhara, Damauli Tanahun, Dui piple Bazar Lamjung, Dhadingbesi Dhading, Pragatinagar Nawalparasi, Hakimchowk Bharatpur , Dhorfirdi Tanahun including its central office.
