NIC Asia Laghubitta reports net profit of Rs 10.88 crore for Q4 of 2075/76; Paid-up capital stands at Rs 1 arba
Tue, Sep 10, 2019 12:27 PM on Financial Analysis, Latest,
NIC Asia Laghubitta Bittiya Sanstha Limited has reported net profit of Rs 10.88 crore in the fourth quarter of FY 2075/76.
The microfinance company’s deposit stood at Rs 57.17 crore while the floated loans amounted to Rs 4.49 arba. Borrowings of the company stood at Rs 3.20 arba in the fourth quarter.
The company’s operating profit is Rs 17.27 crore up from loss of Rs 53.64 lakh in Q4 of last year, while its net interest income was reported as Rs 30.99 crore.
Paid-up capital of the company stands at Rs 1 arba with Rs 10.32 crore as its reserve.
Major highlights:
| Particulars (In Rs '000) | NIC Asia Laghubitta | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 1,004,500 | 70,000 | 1335.00% |
| Reserve & Surplus | 103,238 | -5,584 | |
| Deposits | 571,753 | 68,612 | 733.31% |
| Borrowings | 3,201,251 | 749,008 | 327.40% |
| Loans & Advances | 4,496,217 | 828,256 | 442.85% |
| Net Interest Income | 309,953 | 1,323 | 23330.31% |
| Provision for possible losses | 22,542 | 8,283 | 172.16% |
| Operating Profit | 172,733 | -5,364 | |
| Net Profit | 108,822 | -5,584 | |
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