Trilok Laghubitta reports massive rise in net profit till Q2; Net profit stands at Rs 1.57 crore against Rs 27.52 lakh last year

Wed, Jan 29, 2020 12:05 PM on Financial Analysis, Latest, Stock Market,
Trilok Lag...

Trilok Laghubitta Bittiya Sanstha Limited has published its second-quarter report for the FY 2076/77 with net profit of Rs 1.57 crore. The profit has increased from Rs 27.52 lakhs in the corresponding quarter last FY.

The deposits of the microfinance company amount Rs 22.19 crore and the microfinance floated loans of Rs 85.26 crore till the end of the second quarter.

The borrowings of the microfinance increased to Rs 61.20 crore from the previous year’s figure of Rs 28.46 crore.

The paid-up capital of the company stands at Rs 6.09 crore with Rs 2.01 crore 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.

Quarterly report