Net Profit and operating profit of Manjushree Finance increased by 4 times

Kathmandu January 21- Manjushree Finance has earned Rs. 19.1 million net profit in the second quarter of current fiscal year which is 4 times more than the corresponding period of previous fiscal year which was Rs. 4.3 million.

Finance has succeeded to keep Rs. 51.3 million in reserve fund which was Rs. 43.5 million last fiscal year. Deposit of Rs. 2 billion 93.2 million has been collected by the finance that is 16.40% growth than the previous fiscal year. Loan advance has increased by 53.89% to Rs. 1 billion 760.3 million from Rs. 1 billion 143.8 million last year. Net interest income of the finance has increased by 71.89% to Rs. 42.1 million. Operating profit has also increased by 4 times to Rs. 30.7 million which was Rs. 6.7 million last year. It has managed to recover 5.4 million bad debts.

Company has EPS of Rs. 15.30, P/E ratio of 13.85 times, Net Worth per share of Rs. 120 and market price per share is Rs. 212.