Siddhartha Finance earns Rs. 30 million net profit

Kathmandu February 16- Siddhartha Finance has earned Rs. 27.8 million net profit in the second quarter of current FY which was Rs. 20 million in the corresponding period of previous FY.

Deposit of the finance has increased by 3.54 % to Rs. 2 billion 252.4million while its loan and advance has increased by 9.06% to Rs. 1 billion 926.6 million. Similarly, net interest income of the company has also increased by 54.83% to Rs. 48.8 million while its operating profit is Rs. 29.8 million. Finance of balance of Rs. 3.4 million in its provision and has recovered Rs. 13.5 million bad debt.

 Finance has risky asset of 7.40% and bad debt of 22.92%. EPS of the finance is Rs. 8.58, P/E ratio is 22.62 times, liquidity ratio of 39.05% and net worth per share is Rs. 154.84.