Progressive Finance Limited has reported decline in net profit by 74.73 percent in the fourth quarter of this fiscal year 2074/75.
As per the published report, the microfinance has reported declined in net profit to Rs.35.47 lakh in this Q4 from Rs.1.40 crore in the corresponding quarter of last fiscal year 2073/74.
It has deposit collection of Rs.78.46 crore & floated in loan & advances of Rs.51.02 arba.
Its net interest income raise to Rs.30.27 crore from Rs.30.19 crore in the last corresponding quarter. It has operating loss of Rs.45.39 crore in FY 2074/75.
Its paid up capital is Rs.21 crore with reserves of Rs.1.19 crore. It is to issue 281% right share to its shareholders. After adjustment of 281% right share, paid up capital will reach to Rs.80.01 crore.
Its non performing loan (NPL) stands at 1.69 percent from 6.68 percent from the last year.
Annualized earning per share is Rs.1.69 & net worth per share is Rs.105.70. PE ratio stands at 81.7 times.
