Trilok Laghubitta publishes financial highlights for the fourth quarter; net profit stands at Rs.1.04 Crore

Trilok Laghubitta Bittiya Sanstha Limited has published its fourth quarter report for the FY 2075/76 with net profit of Rs 1.04 crore. The profit has increased from loss of Rs 57.67 lakhs in the corresponding quarter last FY.

The deposits of the microfinance company amounts Rs 14.11 crore and the microfinance floated loans of Rs 65.41 crore till the end of fourth quarter.

The borrowings of the microfinance increased to Rs 45.59 crore from the previous year’s figure of Rs 9.87 crore.

The paid up capital of the company stands at Rs 6.09 crore with Rs 47.19 lakhs in the reserve and surplus.

The microfinance company is currently in the process of merger with Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS). The name of the merged entity will be Suryodaya Laghubitta Bittiya Sanstha Limited and the head office will be located at Pokhara in Gandaki Province.