Nagarik Laghubitta published unaudited Q1 report; reports net loss of Rs.25.17 Lakhs

Nagarik Laghubitta Bittiya Sanstha has published the unaudited quarterly report for the first quarter of FY 75/76. The microfinance company posted paid up capital of Rs.1.75 Crore by the end of the first quarter. The company has negative reserves worth Rs.31.56 Lakhs. The borrowings of the company stand at Rs.3.27 Crore. The deposits of the company stand at Rs.40.17 Lakhs while the loans and advances are worth Rs.4.03 Crore.

The company earned Rs.2.52 Lakhs from net interest by the end of the first quarter. The company posted operating loss of Rs.25.73 Lakhs while the net loss stands at Rs.25.17 Lakhs. The company posted nil NPL for the end of the first quarter. A provision worth Rs.3.45 Lakhs was created for possible losses.  

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