Solve Laghubitta reports net profit of Rs.1.37 Crore in its short period of operation; paid up capital at Rs.4.20 Crore

Solve Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs.1.37 Crore in the unaudited fourth quarter report for the fiscal year 75/76.

The young microfinance company posted net interest income of Rs.2.77 Crore and total operating income of Rs.3.30 Crore by the end of the fourth quarter of FY 75/76.

The company has collected deposits worth Rs.30.32 Crore while it has issued loans worth Rs.76.41 Crore till the month of Asadh. As of the end of the fourth quarter, the borrowings of the company stands at Rs.31.12 Crore.

As per the fourth quarter report, the paid up capital of the company stands at Rs.4.20 Crore with Rs.5.46 Crore as reserves.