Kathmandu. RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has published its financial statements for the first quarter of the current fiscal year. According to the company’s financial statements, the net profit has decreased. The company’s net profit declined by 19.12 percent compared to the same period last FY.

In the first three months of the current FY, the microfinance company has earned a net profit of Rs 2.11 crore. The company had posted a net profit of Rs 2.6 crore in the same period last year.

The company’s net interest income, net fees and commission income have decreased in a year. Due to this, the profit of the company has also decreased. In the first quarter of the current FY, the company’s interest income has decreased by 30.04 percent to Rs 4.48 crore. In the previous fiscal year, the company had a net profit of Rs 6,40,81,000.

Similarly, the net fee and commission income of the company has also decreased by 41.28 percent to Rs 2 million 87 thousand in the review period. The company had posted a net profit of Rs 35.54 crore in the previous fiscal year.

The company’s earnings per share also declined in the first quarter of the current fiscal year. In the review period, the income of the microfinance company decreased by Rs 2.89 to Rs 8.16. As of mid-October, the company has a price-to-earnings ratio of 73.06 times and a net worth per share of Rs 128.04.

At the end of the first quarter of the current fiscal year, the microfinance company has a distributable profit of Rs 9.93 crore. The distributable earnings per share stood at Rs 38.43.

The company’s paid-up capital stood at Rs 1.03 billion. The company has reserve fund of Rs 28.99 crore. In the first three months, the microfinance company has extended loans of Rs 5.57 billion through loans of Rs 5.15 billion.