International leasing and finance earned 4.4 million net profits

Kathmandu November 15- international leasing and finance company earned Rs. 4.4 million net profit in the first quarter of current FY which is 2% growth than the corresponding quarter of last FY which was Rs. 98 million 749 thousands.

Company has paid up capital of Rs. 2 billion. Deposit of company has decreased by 2.52% to Rs. 1 billion 356.5 million from Rs. 1 billion 391.5 million last year. Lending of company has also decreased by 19.63% to Rs. 1 billion 616.3 million from Rs. 2 billion 11.2 million last year. Similarly, net interest income has increased by 30.26% to Rs. 44.6 million from Rs. 34.2 million last year. Operation profit has increased by 50% to Rs. 6.9million from Rs. 4.6 million.

In the first quarter, bad debt has increased by 2.36% to 17.11. Risky asset has increased by 14.03% to 92.88%. According to the financial report of current FY, EPS of the company is 0.88%, P/E ratio is 273.86% and liquidity ratio is 95.10%.