RSDC Laghubitta posts over 8 times profit rise by Q4 – as compared to the third quarter
Wed, Jul 23, 2014 12:00 AM on Others,
ShareSansar, July 23:
RSDC Laghubitta Bittiya Sanstha Limited’s net profit has risen considerably by the fourth the last fiscal year 2070/71 as compared to the third quarter, according to the unaudited fourth quarter financial report of the new microfinance company published today.
The profit, however, is not astounding if we look at the figures.
RSDC, a class ‘D’ microfinance company based in Rupandehi has stated that its net profit has risen from 1.26 lakh in the third quarter to Rs 8.83 lakh by the end of the fourth quarter.
It had mobilized Rs 2.55 crore in borrowing and Rs 2.25 crore in loan, up from Rs 70 lakh in borrowing and Rs 1.02 crore in lending during the review period.
Its interest income has risen from Rs 38.06 lakh in the third quarter to Rs 83.46 lakh by the end of the fiscal year.
It has also provisioned Rs 22.77 lakh for possible losses
