Suryodaya Laghubitta profit surges by 168.11% to Rs 1.49 crore in Q4

Suryodaya  Laghubitta Bikas Bank has posted net profit rise by 168.11% in the current fiscal year 2072/73. The net profit of the company rose to Rs 1.49 crore in Q4 up from Rs 55.83 lakh in the corresponding quarter of the previous fiscal year 2071/72. Publishing the unaudited financial report for the fourth quarter today, the microfinance institution stated that the micro finance institution’s borrowing remains at Rs 32.48 crore in Q4 compared to Rs 19.79 crore in previous year’s corresponding quarter. The microfinance company has collected Rs 13.93 crore in deposits and has disbursed loans and advances of Rs 42.75 crore in fourth quarter of the fiscal year 2072/73. Its net interest income increased to Rs 4.13 crore up from Rs 1.76 crore in the corresponding quarter of the previous fiscal year. The microfinance company has a paid up capital of Rs 2.80 crore and has Rs 1.73 crore in reserve and surplus. Its NPL is nil.  Its annualized EPS now stands at Rs 53.46, its net worth per share stand at Rs 162.04.