Net profit of Hama merchant and finance declines by 62.63%

Kathmandu February 8- Functioning with Rs. 200 million paid up capital, Hama Merchant and Finance has earned 8.5 million net profits in the second quarter of the current FY that is 62.63% decline from the corresponding period of previous FY which was Rs. 22.8 million.

Deposit of the finance has decreased by 12.67% to Rs. 209.7 million which was Rs. 240.2 million last year. Finance's lending has increased by 6.15% to Rs. 256.4 million. Similarly, net interest income of the finance has grown by 24.68% to Rs. 11.1 million while its operating profit has negative balance of Rs. 1.7 million.

Finance has balance of Rs. 7.5 million in its provision and has been able to recover Rs. 4.8 million during the period.

Finance has bad debt of 5.73%, risky asset of 69.38%, EPS of Rs. 8.56, P/E ratio of 9.56 times, net worth per share of Rs. 135.80 and liquidity ratio of 86.35%.