United Finance operating profit up 39%

KATHMANDU, JAN 19: 

The operating profit of United Finance Ltd (UFL) went up by 39 percent in the first half of the current fiscal year, says a company statement. The finance company, promoted by Chaudhary Group, Morang Auto Works and other reputed business houses, generated an operating profit of Rs 17.5 million and net profit of Rs 11.1 million in the period. The company, with a paid-up capital of Rs 350.8 million, collected deposits of Rs 2.51 billion and extended Rs 2.27 billion in loans till the review period. The company´s non-performing loans stands at 1.41 percent of the credit portfolio.

Source: Republica