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.

First Quarter Report

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