Second quarter financial report of Pokhara finance and Bhaktapur finance

Kathmandu February 5- With Paid up capital of Rs. 4 billion 23.9 million, net profit of Pokhara Finance  increased by 4.59 times to Rs. 25.6  million in the second quarter of current FY.

Deposit of the finance has boosted by 19.52% to Rs. 3 billion 83.2 million. Loan and advance of the finance increased by 7.17% to Rs. 2 billion 402.6 million. Net interest income has also increased by 37.07% to Rs. 58.6 million while operating profit has increased by 4.59 times to Rs. 40.3 million from Rs. 8.7 million last year.

Finance's bad debt is of 0.66% and risky asset is of 12.46%. EPS of the finance is of Rs 5.23, net worth per share is 127.50 times, P/E ratio is 51.63 times and liquidity ratio is 36.89%.

Likewise, operating with paid up capital of Rs. 200 million, net profit of Bhaktapur Finance decreased by 47.72% to Rs. 2.7 million in the second quarter of current.

Deposit of the finance has boosted by 15.24% to Rs. 462.2 million. Loan and advance of the finance increased by 20.81% to Rs. 358.1 million. Net interest income has also increased by 19.05% to Rs. 10.7 million while operating profit has decreased by 22.83% to Rs. 2.5 million from Rs. 6.39 million last year.

Finance's bad debt is of 4.49% and risky asset is of 45.70%.