Kathmandu. Pokhara Finance has published its financial results for the second quarter of the current fiscal year.

The company has earned a net profit of Rs 23.38 crore till mid-January. The company had posted a net loss of Rs 63.79 crore in the same period of the previous FY.

During the period, the net interest income of the finance company decreased from Rs 14.30 crore to Rs 6.73 crore. Similarly, operating profit was negative in the second quarter of the last fiscal year. As of mid-January, it has reached 31 crore 45 lakh 26 thousand.

In the same period of the last fiscal year, the impairment charge of the bank was Rs 1.52 billion. It has reversed Rs 35.59 crore in the same period of the current FY. This has led to an increase in profits. The distributable profit of the bank stood at Rs 1.22 billion.

The bank has a paid-up capital of Rs 1.08 billion and reserve fund of Rs 99.29 crore. The bank collected deposit of Rs 7.38 billion and extended loan of Rs 4.33 billion.

The company did not disclose earnings per share in its second-quarter report. The net worth per share is Rs 78.22. Similarly, bad loans are 25.10 percent.