Manaslu Bikas Q4 profit surges by 63.41 %

ShareSansar, July 29;

Manaslu Bikas Bank Limited (MSBBL) has reported a profit rise of 63.41% in the fourth quarter of the fiscal year 2071/72.

According to the unaudited quarterly report for the fourth quarter published today, the development bank has earned a net profit of Rs 2.46 crore in the fourth quarter, up from Rs 1.51 crore in the corresponding quarter of 2070/71.

In Q4 of last fiscal year Manaslu’s net interest income has risen to Rs 6.52crore, up from Rs 4.08 crore, in the corresponding quarter of fiscal year 2070/71. The operating profit of the development bank in the Q4 last fiscal year has risen to 3.82 crore as compared to 2.37 of the fiscal year 2070/71.

It has mobilized Rs 1.34 arba in deposits and given away Rs 1.10 arba in loans as compared to Rs 87.11 crore in deposits and Rs 76.66 crore in loans in the corresponding quarter of fiscal year 2070/71.

The development bank’s non-performing loan is nil. Its CD ratio stands at 71.68 percent.

The EPS of Manaslu stands at Rs 15.26 and its net worth per share is priced at Rs 120.05.