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Finance company earns Rs 86.5 crore profit in one year

nabil bank

Kathmandu.  Most of the finance companies, which were in curring losses in the previous fiscal year, have started moving towards improvement in the last fiscal year. In the previous fiscal year, nine out of 15 finance companies had a negative financial position. However, the profits of the two finance companies in the last fiscal year are negative. The rest are moving towards improving profits.

Shree Investment Finance Company has earned TAG_OPEN_div_34 a profit of Rs 69.93 million till mid-June of the last fiscal year. The profit of this company has increased compared to the previous fiscal year. In the previous fiscal year, the company’s net profit stood at Rs 61.6million.

The profit of multipurpose finance company has also increased in the last fiscal year. The company’s net profit increased by 122.44 percent to Rs 23,324,317 compared to the previous fiscal year. In the previous fiscal year, the company’s profit was Rs 10.4million.

TAG_OPEN_div_30 ICFC Finance Company’s profit has also increased in the last fiscal year. The company’s profit has increased by 204.60 percent in the last fiscal year. The company had earned a profit of Rs 344.94 million in the last fiscal year. The company’s profit in the previous fiscal year was Rs 113.24 million.

TAG_OPEN_div_28 Manjushree Finance Company’s profit has also increased in the last fiscal year. The company earned a profit of Rs 314.38 million in the last fiscal year. The company’s profit has increased by 39.97 percent compared to the previous fiscal year. In the previous fiscal year, the company had earned a profit of Rs 224.6million.

Similarly, Sam TAG_OPEN_div_26 riddhi Finance Company has earned a profit of Rs 31.43 million during the period. The company was negative in the previous fiscal year. Guheshari Merchant Banking and Finance has earned a profit of Rs 27.95 million in the last fiscal year.

Waste Finance Company has earned a profit of Rs 2 million 77 thousand in the last fiscal year. Pokhara Finance Company has earned a profit of Rs 113.9million in the last fiscal year. Central Finance Company has also improved in the last fiscal year. The company, which was negative in the previous fiscal year, had a profit of Rs 89.14 million in the last fiscal year.

Similarly, Progressive Finance Company has earned a profit of Rs 111.93 million in the last fiscal year. TAG_OPEN_div_22 The company had also suffered losses in the last fiscal year. In the last fiscal year, Goodwill Finance Company earned a profit of Rs 5.11 million, while Nepal Finance Company earned a profit of Rs 21.74 million. Reliance Finance Company has earned a profit of Rs 42.7million in the last fiscal year. The profits of these companies were also negative in the previous fiscal year.

Gurkha’TAG_OPEN_div_20 s Finance and Janaki Finance, which have been negative till this period, are in the negative. In the last fiscal year, Gorkhaj Finance Company was negative by Rs 127.39 million. The company had posted a profit of Rs 42.37 million in the previous fiscal year.

Similarly, Janaki Finance Company has also turned negative in the last fiscal year. TAG_OPEN_div_18 The company became negative by Rs 207.28 million in the last fiscal year. The company’s losses have increased compared to the previous fiscal year. In the previous fiscal year, the company was negative at Rs 137.16 million.

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