Unique Nepal Laghubitta posts net profit of Rs 1.71 crore for Q1 of 2076/77; Paid-up capital at Rs 6.3 crore with reserves of Rs 11.37 crore
Tue, Nov 5, 2019 2:06 PM on Financial Analysis, Latest,
Unique Nepal Laghubitta Bittiya Sanstha Limited has published the unaudited financial report for the end of the first quarter of FY 2076/77.
In its short period of operation, the microfinance company was able to post a net profit of Rs.1.71 Crore with operating profits of Rs.86.63 lakh till the first quarter. The net interest income of the company stood at Rs.5.16 Crore.
The borrowings of the company stands at Rs.58.62 Crore. In the review period, the company collected deposits worth Rs.1.59 Arba and lent loans and advances worth Rs.2.43 Arba. The non-performing loans of the company stood at 1.5% by the end of the first quarter.
The paid up capital currently stands at Rs.6.30 Crore with Rs 11.37 Crore in the reserves of the company.
Major highlights
Particulars (In Rs '000) | Q1 2076/77 |
---|---|
Paid Up Capital | 63,000 |
Reserve & Surplus | 113,739 |
Borrowings | 586,221 |
Deposits | 1,599,134 |
Loans & Advances | 2,437,261 |
Net Interest Income | 51,674 |
Staff Expenses | 20,242 |
Provision for possible losses | 28,856 |
Operating Profit | 8,663 |
Net Profit | 17,158 |
Capital Adequacy (%) | 8.29 |
NPL (%) | 1.5 |
Cost of Fund (%) | 8.29 |