Sana Kisan Laghubitta's Net Profit Increases by 17%
Author
Nepse trading
Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has published its financial report for the second quarter of the current fiscal year. According to the report, the company's net profit has increased by 17.01% compared to the same period of the previous fiscal year.
Key Highlights:
Net Profit Growth: The company has earned a net profit of NPR 517.77 million as of the end of Poush 2081, which is 17.01% higher than NPR 442.49 million in the same period of the previous year.
Decline in Net Interest Income: Net interest income decreased by 2.23% to NPR 968.15 million.
Reduction in Impairment Charges: Impairment charges dropped significantly from NPR 100.37 million to NPR 30.59 million, boosting profitability.
Total Operating Income: Total operating income declined by 1.96%.
Earnings Per Share (EPS): EPS increased slightly to NPR 24.01.
Net Worth Per Share: Net worth per share stands at NPR 231.18 as of the end of the second quarter.
Reserve Fund: The reserve fund has reached NPR 5.65 billion.
Loan Disbursement: The company disbursed loans amounting to NPR 33.48 billion by the end of Poush 2081.
Deposits and Borrowings: The company collected deposits and borrowings totaling NPR 22.35 billion.
Price-Earnings (PE) Ratio: The PE ratio stands at 33.78 times.
Despite a slight decline in total operating income and net interest income, the significant reduction in impairment charges has positively impacted the company's net profit. SKBBL's financial performance signals a positive trend in profitability.
