NIC ASIA Laghubitta reports staggering 56% growth at Rs 12.57 crore in net profit; to issue IPO shares worth Rs 47.55 crore soon

Sun, May 17, 2020 7:40 AM on Financial Analysis, Latest, Stock Market,
NIC ASIA L...

NIC ASIA Laghubitta has published its third quarterly unaudited report for the fiscal year 2076-77. Per the report, the microfinance has managed to earn Rs 19.48 crore as operational profit that is 58% more than the previous year’s earning despite of the unfavorable situation created by Covid-19.

The microfinance has earned 56.43% more as net profit i.e. Rs 12.27 crore, has extended credit of Rs 7.22 arba, collected deposit of Rs 1.06 arba, during the review period.

The microfinance currently provides its services from 105 branches spread throughout the nation and is in process to float Rs 47.55 crore worth IPO shares in a near future.