Kathmandu. NMB Laghubitta Financial Institution has released its financial statements for the fourth quarter of the last fiscal year. In the fourth quarter of the last fiscal year, the company earned a profit of Rs 63.84 million. In the last fiscal year, the company had posted a net profit of Rs 52.9million.

The net interest income of the microfinance company increased by 61.83 percent to Rs 435.5 million in the last fiscal year. Net fee and commission income increased by 42.25 percent to Rs 58.87 million. During this period, the total operating income of the company increased by 59.22 percent to Rs 494.37 million.

In the last fiscal year, the operating profit of the microfinance company was Rs 53.2 million, which was Rs 68.8 million in the last fiscal year. The microfinance company has reversed the improvement charge of Rs 30.5 million till mid-July last year. As a result, the company has become profitable. It currently has a paid-up capital of Rs 721.4 million.

The company has a reserve fund of Rs 292.9 million. At the end of the last fiscal year, the microfinance company has invested Rs 5.90 billion in deposits and Rs 6.75 billion in loans. As of mid-July, the company’s earnings per share stood at Rs 8.85 per share and net worth at Rs 140.61 per share. During the period, the company’s distributable profit stood at Rs 47.5 million and its distributable earnings per share was Rs 6.59.