Rastra Utthan Laghubitta posts net profit of Rs.13.93 Lakhs by the end of Q4; IPO worth Rs.8.50 Crore to be issued soon

Rastra Utthan Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs.13.93 Lakhs in the unaudited fourth quarter report for the fiscal year 75/76.

The young microfinance company posted net interest income of Rs.3.06 Crore and total operating income of Rs.4.41 Crore by the end of the fourth quarter of FY 75/76.

The company has collected deposits worth Rs.49.49 Crore while it has issued loans worth Rs.1 Arba till the month of Asadh. As of the end of the fourth quarter, the borrowings of the company stands at Rs.48.25 Crore.

As per the fourth quarter report, the paid up capital of the company stands at Rs.17.50 Crore with Rs.1.74 Crore as reserves.

The microfinance institution with issued capital of Rs.26 Crore will issue Rs.8.50 Crore shares to general public as IPO in a near future, as per the institution in its media statement.