Manaslu Bikash Bank’s net profit almost triples by Q4
Sun, Aug 3, 2014 12:00 AM on Others,
ShareSansar, Aug 3:
Manaslu Bikash Bank Limited has reported an impressive profit growth of 294 percent by the end of the fourth quarter of the last fiscal year 2070/71
According to the unaudited financial report for the fourth quarter published today, the development bank headquartered in Gorkha district has stated that its profit has risen from merely Rs 38.31 lakh to Rs 1.51 crore in the previous fiscal year 2069/70.
Owing to sound business, its net interest income has risen to Rs 4.08 crore up from Rs 2.10 crore.
Manaslu mobilized Rs 87.11 crore in deposit and Rs 76.66 crore in loan by the fourth quarter as compared to Rs 52.53 crore in deposit and Rs 44.31 crore in loan at the end of the corresponding quarter.
It has managed such an impressive profit despite provisioning Rs 31.87 lakh for possible loss at the end of the fourth quarter.
It also has reported no non-performing loan in the last fiscal year as in the previous one.
Manaslu’s EPS is now priced at 12.59, P/E ratio at 14.22 and net worth per share at Rs 113.83.
