Modest growth in Pashchimanchal Finance profit

ShareSansar, Feb 16:

Pashchimanchal Finance Company Limited (PFCL) has reported a modest rise in profit of 0.31 percent.

As per the unaudited quarterly report published on Falgun 4, 2071, the bank has stated its net profit of Rs 2.49 crore, up from Rs 1.90 crore in the corresponding quarter.

The finance company mobilized Rs 3.02 arba in deposits, which is a jump from Rs 2.46 arba in the corresponding quarter last year.

Its net interest income rose to Rs. 6.80 crore in the second quarter from Rs. 4.87 crore in the corresponding quarter.

Loans and Advances increased by Rs 1.27 arab than the previous quarter.

Also provision for the possible loss has surged by 2.11 crore.

It’s annualized EPS stands at Rs 18.42 and its net worth per share remains at Rs148.16 respectively.

However its non performing loan has gone up from 2.16 percent to 2.20 percent by the end of second quarter.