KATHMANDU

Nadep Laghubitta Bittiya Sanstha has suffered a heavy decline in profits. According to the unaudited financial statements for the current fiscal year, the profit of microfinance has decreased by 95.84 percent. During this period, the microfinance has earned only 5 lakh 10 thousand rupees in profit, while in the same period of the previous fiscal year, the microfinance had earned a profit of 1 crore 22 lakh 46 thousand rupees.

During this period, the inactive loans from microfinance have increased from 4.97 percent to 6.56 percent. This is also the reason for the significant decline in the profits of microfinance.

According to the financial statements made public by the microfinance, the microfinance’s own interest income has decreased by 27.28 percent until Asar, while the own fee income has increased by 16.57 percent. Similarly, microfinance’s other operating income has decreased by 4.97 percent, and operating profit has decreased by 99.32 percent.

Along with the profit, microfinance’s earnings per share (EPS) have also decreased in the first quarter of the current fiscal year. The EPS of microfinance has been limited to 42 paisa from 10 rupees (8 paisa). The net worth per share of the microfinance is Rs 183.55.

Out of the total capital of Rs 48 crore 57 lakh, Rs 40 crore 58 lakh is saved in the microfinance’s reserve fund.