Everest Finance earns 1.3 million profit in first quarter

Kathmandu November 3- In the first quarter of FY 2072/73, Everest Finance earned 1.3 million net profits which was Rs. 4.8 million losses in the same period of last FY.  Everest finance has Rs. 120.6 million paid up capital.

Finance has managed to keep Rs. 39.3 million in its reserve which was Rs. 21.4 million last FY.  Deposit collection of the finance has increased by 37.42% to Rs. 1 billion 87.5 million from 791.4 million of last FY. Loan advancing has increased by 32.82% to Rs. 903.9 million from Rs. 680.6 million last FY. Net interest income of the finance has increased by 42.55% to Rs. 8.2 million which was Rs. 5.7 million last FY. Likewise, operating profit of the first quarter is 2.1 million which was Rs. 4.8 million negative balance during the same period of last FY. Provision of bank amounted to Rs. 1.2 million.

According to the financial statement of first quarter of the finance, EPS of the finance is Rs. 1.14, P/E ratio is 175.76 times, Net worth per share is 132.63 and market price per share is Rs. 200.  Similarly, bad debt of the finance is 0.44% and risky assets are 16.06%.