United Finance posted increase in net profit by 70.66% in Q4

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united finance

United Finance has published fourth quarter report of FY 2075/76. Net profit increased by 70.66% in comparing period.

As per the published report, it has reported surge in net profit to Rs.10.95 crore in this Q4 of Fiscal year 2075/76 from Rs.6.41 crore in the same period of fiscal year 2074/75.

It has collected deposit of Rs.6.55 arab in Q4 which was Rs.5.99 arba in the last year. It has floated loan Rs.6.08 arba in Q4 from 5.31 arba in last fiscal year.

Its net interest income increased to Rs.31.20 crore in Q4 from Rs.22.72 crore in the last corresponding quarter of FY 2074/75.

Likewise, Operating profit increased to Rs.13.69 crore from of Rs.6.15 crore in the FY 2074/75. Operating profit increased by 122.43%.

Its paid up capital is Rs.1.01 arba with reserves of Rs.48.21 crore.  Reserved increased by 114.93% in the comparing period.

Its non performing loan stands at 0.65% from 0.68%. Cost of fund stands at 9.71%. credit to deposit at 76.38%, Base rate 12.69% and capital adequacy at 21.85%.

Annualized earning per share (EPS) stands at Rs 10.83, Net worth per share at Rs.147.72 and PE ratio at 17.72 times.