Net profit of Lalitpur Finance declines by 38%; Net worth stands at Rs 67.85 with steep fall in NPL
Sun, Aug 19, 2018 11:05 AM on Financial Analysis, Latest, Stock Market,
Lalitpur Finance Limited (LFC) has reported decline in net profit for the fourth quarter of the fiscal year 2074/75.
Publishing the unaudited financial report for the fourth quarter today, the finance company has stated that its net profit decreased to Rs 7.74 crore in fourth quarter of fiscal year 2074/75 down from Rs 12.53 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
It extended loans of Rs 46.75 crore, up from Rs 37.80 crore. It has collected deposits of Rs 28.79 crore in the fourth quarter of the fiscal year 2074/75.
It has paid up capital of Rs 23.68 crore. However, it has negative reserve of Rs 7.61 crore in Q4.
LFC’s net interest income has also decreased from Rs 3.44 crore in the corresponding quarter last year to Rs 2.33 crore in the fourth quarter of fiscal year 2074/75.
It has posted an operating profit of Rs 15.10 lakh in Q4 declining from the operating profit of Rs 1.48 crore in corresponding quarter.
The company’s non-performing loan (NPL) has decreased from 99.40% in the corresponding quarter to 62.43% in Q4.
Its Earning per Share (EPS) now stands at Rs 32.70 and net worth per share at Rs 67.85.
