ICFC finance net profit outgrown by 35% in second quarter

Kathmandu February 2- With the paid up capital of Rs. 500 million, net profit of ICFC finance 's net profit increased by 35.72% to Rs. 41.6 million in the second quarter of current fiscal year from Rs. 30.6 million of the corresponding period of last fiscal year.

Deposit of finance has increased by Rs. 13.57% to Rs. 5 billion 890 million from Rs. 4 billion 410.1 million last year. Finance has invested Rs. 4 billion 230.9 million which is 22.64% growth than the last year. Net interest income of the finance has grown by 22.76% to Rs. 99.9 million. Interest income has increased by 5% and interest expenses of the company have decreased by 4%. Operating profit has increased by 28.17% to Rs. 59.7 million. Finance has kept Rs. 4 million in its provision.

EPS of the bank is Rs. 19.50, P/E ratio is 10.36 times, net worth per share is 146.20 and liquidity ratio is 25.73 times. Finance's risky asset is of 12.52% while its bad debt is of 2.18%.