Kathmandu. Upkar Laghubitta Financial Institution has made public its financial statements for the fourth quarter of the last fiscal year. According to the financial statement of the organization, the microfinance company has earned a net profit of Rs 34.24 million in the last fiscal year. In the same period of the previous fiscal year, the company’s profit was Rs 35.16 million.

During the review period, the net interest income of the microfinance company increased by 16.82 percent to Rs 157.3 million. In the last fiscal year, the company’s income was Rs 132.99 million. The company’s operating profit has also increased during this period.

The company has earned an operating profit of Rs 46.58 million till the end of the last fiscal year. The operating profit of the company was also in loss during the same period of the previous fiscal year. Similarly, the other operating income of the organization increased by 105.44 percent to Rs 21.99 million. The total operating income increased by 22.81 percent to Rs 179.41 million.

The company had allocated Rs 63.9 million in the previous fiscal year as a potential risk arrangement, but in the last fiscal year, the microfinance company has allocated only Rs 10.8 million. For this reason, the index including microfinance profit has become positive.

As of Mid-July, the company’s earnings per share stood at Rs 32.26. During this period, the net worth per share is Rs 190.96 and the price earnings ratio is 105.07 times. The paid-up capital of the company stood at Rs 106.1 million in the last fiscal year. The organization has a reserve fund of Rs 130.7 million. At the end of the last fiscal year, the microfinance company invested Rs 923.6 million in deposits and Rs 1.40 billion in loans worth Rs 2.45 billion.