Suryodaya Laghubitta has posted fall in net profit by 32.15%

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Suryodaya laghubitta Bittiya sanstha

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has posted decreased in net profit of 32.15 percent in the second quarter of the current fiscal year 2074/75.

As per the published report, the microfinance company stated fall in net profit to Rs 1.01 in the Q2 of current fiscal year 2074/75 from Rs 1.49 crore in the corresponding quarter of last year.

The company has collected deposit of 31.92 crore and also borrowed 44.57 crore during the period & floated in loans 69.66 crore.

Its net interest income has also fall to 3.05 crore from 3.47 crore in corresponding quarter of last year.

Its paid up capital remains at Rs 4.76 crore with reserve of Rs 4.35 crore. It will issue 70% right share to its shareholders. Paid up capital will reach to Rs 7.56 crore after right share & 19% bonus share of FY 2073/74.

The book closure date for 70% right shares has been set on Magh 26, 2074. To be eligible for right share one must buy share one day a head of book closed date.        

Its non-performing loan (NPL) stands at 1.19%

Annualized earning per share (EPS) stands at Rs 42.71, net worth per share is Rs 191.42.

P/E ratio stands at 28.05 times.