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Net Profit of Manjushree Financial Institution Increased by 2.5 Times

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Net Profit of Manjushree Financial Institution Increased by 2.5 Times
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April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.

Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.

Interest income of the company has increased by 31.56 percent to Rs 185.1 million while interest expense has increased by 17 percent to Rs 115.5 million. Employee expenses, other operational expenses and total operating profit has increased by 20.98 percent, 3.52 percent and 38.42 percent respectively. Similarly, fixed asset of the company has decreased by 8.79 percent to Rs 11.8 million   whereas other asset has increased by 45.15 percent to Rs 77.5 million.

Likewise, inactive debt of the company is at 4.52 percent. Capital fund adequacy of the company stands at 15 percent and capital fund expenditure is at 6.97 percent. CD ratio of the company has increased to 79 percent which is 11.34 percent growth than the corresponding period of previous FY. In the third quarter of the current FY, company earnings per share is at 17.56 percent , P/E ratio is 13 times and net worth per share stands at 2 times.

 

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