Net profit of Kaski Finance rose by 44.94 %

ShareSansar, May 8:

Kaski Finance Limited posted a growth of 44.94 percent in the net profit for this quarter of the current fiscal year 2070/71.

Publishing the unaudited financial report for the third quarter today, the finance company has stated that its net profit has increased to Rs 3.29 crore up from Rs 2.27 crore in the corresponding quarter of the last fiscal year 2069/70, despite the fact that the provision for possible loss increased to 1.13 crore from 69.50 lakh.

The deposits of the finance company have increased to 2.06 arba from 1.62 arba as compared to the corresponding quarter.  Along with that the loan has also increased to 1.89 arba from 1.47 arba.

The NPL surged to 0.73 percent from 0.603 percent in this quarter. The company’s EPS is Rs 13.78; net worth per share is Rs. 126.21 and the P/E ratio 12.34 times.