Multipurpose Finance reports slight decrease in profit in the fourth quarter; Deposits base increase by 22%

Mon, Aug 6, 2018 2:26 AM on Financial Analysis, Latest, Stock Market,

Multipurpose Finance Company Limited (MPFL) has reported a slight decrease in profit of 5.62% in the fourth quarter of the fiscal year 2074/75.

According to the unaudited financial report for the fourth quarter published today, the finance company has stated that its net profit decreased to Rs 64.74 lakh in fourth quarter as compared to Rs 68.59 lakh in the corresponding quarter of the last fiscal year 2073/74.

Its deposits have increased by 22.42% to reach Rs 18.98 crore in the fourth quarter of the fiscal year 2074/75 from Rs 15.49 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 19.31 crore in the last quarter of fiscal year 2074/75.

Its net interest income has also increased to Rs 1.60 crore in the Q4 up from Rs 1.25 crore compared to the corresponding quarter of the last fiscal year. The finance company has an operating profit of Rs 1.02 crore in Q4.

MPFL’s paid up capital stand at Rs 4.14 crore and reserve and surplus is Rs 2.12 crore in fourth quarter of FY 2074/75.

It’s annualized Earnings per Share (EPS) stands at Rs 15.60 and net worth per share stands is at Rs 151.25.