Kathmandu. The profit of Gurans Laghubitta Financial Institution has increased by 89.96 percent in the last one year.

The company has earned a profit of Rs 39.58 million till mid-June of the last fiscal year. This profit is 89.96 percent higher than the same period of the previous fiscal year.

In the same period of the previous fiscal year, the company had earned a profit of Rs 20.8million. During this period, the net interest income of the company increased by 59.74 percent to Rs 132.39 million. Similarly, operating profit increased by 87.85 percent to Rs 60.31 million. With this, the company’s profit has increased.

As of Mid-June, the bank’s bad loans decreased from 3.67 percent to 2.91 percent. The company’s earnings per share increased from Rs 16.18 to Rs 34.17. Similarly, the net worth per share is Rs 156.79.

With a paid-up capital of Rs 115.84 million, the microfinance company has a reserve fund of Rs 65.78 million. The company, which had collected deposits of Rs 455.56 million till mid-June, has invested Rs 1.94 billion in loans.