Kathmandu. Hulas Finserv Higher Purchase Company of Golchha Group has released the financial statements for the fourth quarter of the last financial year. During this period, the company’s net profit increased by 121.87 percent. In the last fiscal year, the company earned a net profit of Rs 217.8 million.

The company had posted a net profit of over Rs 98.1 million in the previous fiscal year. The company’s net profit has increased with the increase in investment in higher purchase loans. With the increase in investment, the net interest income of the company has also increased.

In the last fiscal year, the company has earned a net interest income of Rs 223.7 million by issuing loans of Rs 8.25 billion. In the previous fiscal year, the company had disbursed rs 3.33 billion in loans and earned Rs 137.4 million in net interest income.

With the increase in net interest income, the company’s operating profit and net operating profit have also increased. Net operating profit of the company was more than Rs 324.4 million in the previous fiscal year and rs 624 million in the last fiscal year.

The company’s earnings per share is Rs 26.25 and net worth per share is Rs 179.63. In the same period of the previous fiscal year, the company’s earnings per share was Rs 12.27 and net worth per share was Rs 155.61. The company is also going to issue an IPO.

The company is issuing 2 million 75 thousand units of shares. The company has already appointed NMB Capital as the issue and sales manager for the IPO. The company has been providing higher purchase loans with the permission of non-banking companies from Nepal Rastra Bank. Shekhar Golchha is the chairman of the company.