Kathmandu. Ganapati Laghubitta Financial Institution has published the revised financial statements of the last fiscal year. According to the published financial statement, the organization earned a net profit of Rs 42.5 million in the last fiscal year.

The company’s profit has increased significantly compared to the previous fiscal year. In the previous fiscal year, the company had earned a profit of Rs 15.2million. During the review period, the operating profit of the microfinance company increased by 168.27 percent to Rs 67.1 million.

The total operating income of the organization increased by 42.26 percent to Rs 182.1 million during the period. Similarly, the net interest income of the company also increased by 41.71 percent to Rs 172.7 million. The company’s net fee and commission income declined by 86.57 percent to Rs 841,000.

At the end of the fiscal year, the distributable profit of the microfinance company was Rs 26.4 million. The earnings per share has reached Rs 17.42. During this period, the total earnings per share of the microfinance company was Rs 28.4. Which is an increase of 18 rupees 1 paise compared to the previous year. The company’s value-to-earnings ratio stands at 56.66. Similarly, the net worth per share is Rs 177.45.

The paid-up capital of the company stood at Rs 151.5 million as of last fiscal year. The organization has a reserve fund of Rs 117.3 million. The company collected deposits of Rs 2.27 billion till mid-July and took loan investment of Rs 2.29 billion.