Net profit of Kaski finance increases by 63%

Kathmandu November 10- With the paid up capital of Rs 332.5 million paid up capitals, net profit of Kaski Finance has increased by 63.73% to Rs. 11.5 million which was Rs. 7 million in the corresponding quarter of last FY.

Reserve of the finance has balance of Rs. 63.2 million from Rs. 46 million last year. Deposit collection of the finance has increased by 21.87% to Rs. 3 billion 26.2 million from Rs. 2 billion 483.2 million last year. Lending of the finance has increased by 16.96% to Rs 2 billion 561.6 million which was Rs 2 billion 190.1 million last years. Similarly, net interest income of finance has increased by 13.49% to Rs. 26.6 million which was Rs 23.5 million last year. Total Operating profit of the finance is of Rs. 18.2 million which was Rs. 11.1 million last year. Finance has kept Rs. 600 thousands in provision.

According to the first quarter financial statement, EPS of the finance (annual) is Rs. 3.49.  Bad debt of the finance is 0.57% and risky assets are 14.53%.