Kathmandu. The profit of Aarambh Chautari Microfinance Company has improved at a high rate. In the last fiscal year 2081-82, the net profit of the company increased to Rs 94.4 million. In the previous fiscal year 2080-81, the company had a profit of Rs 660,000.

Net profit has increased by high points as the company improved its debt recovery and made provisioning write back. Bad loans of the company have come down to 2.13 percent from 4.21 percent in the current fiscal year. Which has had a positive effect on net profit.

In the last fiscal year, the company earned a net interest income of Rs 370 million. According to the company, the company’s revenue has increased by 31.89 percent. In the previous fiscal year, the income was Rs 287.38 million.

Similarly, the operating profit of the company in the last fiscal year was Rs 134.88 million. Such income was only Rs 13 million in the previous fiscal year.

In the last fiscal year, the paid-up capital of the company was Rs 367.1 million and its reserve fund was Rs 206.2 million. At the end of the last fiscal year, the microfinance company has invested Rs 5.25 billion in deposits and loans worth Rs 5.31 billion.

The company’s earnings per share have also increased significantly. During the review period, the income of microfinance increased by Rs 25.53 to Rs 25.72. As of Mid-July, the price-to-earnings ratio of the microfinance company was 42.28 times and the net worth per share was Rs 156.18.