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CYC Nepal Microfinance’s financial indicators encouraging  

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Kathmandu. Kathmandu: The financial statements of CYC Nepal Laghubitta Financial Institution for the last fiscal year have been encouraging. According to the company’s revised financial statements till the fourth quarter, the company’s net profit, distributable profit and earnings per share are all positive.

At TAG_OPEN_div_16 the end of the last financial year, the microfinance company has earned a net profit of Rs 117.4 million. This is an increase of 208.44 percent over the same period of the previous fiscal year. The company had posted a net profit of Rs 38 million in the same period of the previous fiscal year. During this period, the company’s net interest income and operating profit increased. As a result, the bank’s net profit has been encouraging.

TAG_OPEN_div_14 Net interest income of microfinance increased by 41.30 percent to Rs 450.39 million during the review period. In the previous fiscal year, the company’s income was Rs 318.75 million. The company’s operating profit stood at Rs 162.72 million in the last fiscal year. The company’s operating profit has increased by 250.53 points. In the previous fiscal year, the company had posted a profit of Rs 46.42 million.

TAG_OPEN_div_12 The company’s distributable profit increased from Rs 29.7 million to Rs 91 million during the review period. Along with the profit, the earnings per share of microfinance have also increased significantly. During the review period, the income of microfinance increased by Rs 29.80 to Rs 44.9.

As of Mid-July TAG_OPEN_div_10, the company’s distributable earnings per share was Rs 34.17, net worth per share was Rs 277.17 and price-earnings ratio was 40.28 times. In the last fiscal year, the paid-up capital of the company was Rs 266.4 million and the reserve fund was Rs 472 million.

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