United Finance profit decline in Q1, Net Interest Income at Rs 3.32 crore

ShareSansar, November 19:

Publishing the unaudited financial quarterly report today, United Finance Limited (UFL) stated that it’s earned Rs 13 thousand, down from Rs 15.35 lakh in the corresponding period of the previous fiscal year 2070/71.

Net interest income of the bank increased marginally to Rs 3.32 crore, up from Rs 3.14 crore in the previous year.

The bank able to collect Rs 3.51 arba in deposits and extended a total loan of Rs 3.07 arba in this fiscal year, compared to Rs 3.02 arba deposits and Rs 2.73 arba loan in the previous fiscal year.

The finance company managed to write back Rs 30.55 lakh from the amount earlier provisioned for the possible losses. Also, it has kept Rs 1.86 crore for the provisioning for possible losses during the published period.  

There is a marginal decrease in the Non-performing loan (NPL) of the bank. It comes down to 1.02 percent from 1.19 percent in the previous year.  

United Finance annualized EPS is at Re 0.01, while its P/E ratio stands at 16564.93 times and its net worth per share at Rs 143.56.

For Financial Report: CLICK HERE