Kathmandu. Gurans Laghubitta Bittiya Sanstha Ltd has reported a significant improvement in its net profit in the second quarter of the current FY.

The company’s net profit stood at Rs 2,66,20,000 as of mid-January. The profit increased by 72.15 percent compared to the same period last year. The company had posted a net profit of Rs 1.54 crore in the same quarter last year.

During this period, the net interest income and operating profit of the company have increased. The impact of which has been seen on profits. The company’s net interest income increased by 55.18 percent to Rs 8.76 crore in mid-January.

Similarly, the operating profit increased by 67.77 percent to Rs 370.51 crore.

During the period, the distributable profit of the company was Rs 1,95,09,000. The company has distributable earnings of Rs 29.48 per share. During the period, the company’s earnings per share increased by Rs 5.13 to Rs 40.22. Similarly, the net worth per share is Rs 159.33.

The microfinance company has a paid-up capital of Rs 13.23 crore and reserve fund of Rs 7.85 crore. The microfinance company has collected deposit of Rs 1.95 billion and extended loan of Rs 2.10 billion.