Pokhara Finance net profit diminish by 9.58% to Rs 1.48 crore; United Finance reported net loss of Rs 3.45 crore

Pokhara Finance Limited (PFL) has posted diminish in net profit by 9.58 percent in the first quarter of the current fiscal year 2074/75. Publishing the unaudited financial report today, the finance company stated that its net profit diminish to Rs 1.48 crore in the first current fiscal year 2074/75, down from Rs 1.64 crore in the corresponding period of the previous fiscal year 2073/74. Pokhara Finance’s paid up capital remains at Rs. 65.57 crore. The finance reserve and surplus increased to Rs.42.53 crore in Q1 up from Rs 21.03 crore in last quarter. PFL will be issuing 15% right shares to its shareholders and to issue it, finance company is seeking approval from the SEBON. After 15% right, its paid up will reach to Rs 75.40 crore. To meet the capital requirement, it should hike its capital by Rs 4.60 crore (around 6%). The finance company has collected Rs 3.80 arba and extended loans and advances to Rs 3.53 arba in the Q1. Its non-performing loan (NPL) has drop to 1.33 percent in Q1 from 2.16 percent in the previous year report. PFL’s annualized earning per share (EPS) stand at Rs 9.09, net worth per share at Rs 164.85 and the P/E ratio at 25.22 times. United Finance Limited (UFL) has posted decrease in net profit of Rs 1.02 crore by 437.60 percent to net loss of Rs 3.45 crore in the first quarter of the current fiscal year 2074/75. United Finance’s paid up capital remains at Rs. 67.27 crore. The finance reserve and surplus increased to Rs 32.74 crore in Q1 up from Rs 17.68 crore in last quarter. UFL has announced 19% bonus shares to its shareholders from the net profit of FY 2073/74. After 19% bonus shares distribution, it will reach to Rs 80.05 crore. The finance company has collected Rs 5.58 arba and extended loans and advances to Rs 4.64 arba in the Q1. Its non-performing loan (NPL) has increase to 1.26 percent in Q1 from 0.99 percent in the previous year report. UFL’s annualized earning per share (EPS) is negative at Rs 20.52, net worth per share at Rs 148.67 and the P/E ratio at 12.72 times. Major Highlights: