Nepal Seva laghubitta has posted decline in net profit by 86.33% in third quarter of fiscal year 2074/75.
As per the report; the microfinance has posted fall net profit of Rs.5.26 lakh in Q3 from 38.51 lakh in the corresponding quarter of previous year.
It has borrowing of Rs.21.41 core & deposit collection of Rs.4.13 crore. It has extended in loan & advance of Rs.29.40 crore.
Net interest income is increased to Rs.1.29 crore from Rs.89.64 lakh in the last year. It has reported loss in operating profit of 83.92 lakh in the third quarter. It has able to write back of Rs.92.19 lakh which helps to make a positive net profit of Rs.5.26 lakh.
Its cost of fund is 11.67% & CD ratio is 711.18%. Non-performing loan stands at 4.35%.
Its paid up capital is Rs.4.2 crore with reserve of Rs.16.54 lakh.
Annualized earning per share is Rs.1.67 & net worth per share is Rs.103.93.
