Net profit of Janaki Finance diminished by 79.22%

Kathmandu November 3- With the paid up capital of Rs. 248 million 625 thousands, Janaki Finance Company Ltd's finance net profit  decresed by  79.22%  to Rs. 1.685 million which was 8.114 million in the same period of last FY

Reserve of the bank has also been decreased by 40.33% to Rs. 158 million from Rs. 264.8 million of last year.

Deposit collection of the bank has increased by 8.77% to Rs. 1 billion 335 million from Rs. 1 billion 227.3 million of last year. Lending has also been increased by 19.95% to Rs. 1 billion 53.9 million from 878.6 million of last year.

Net interest income of the finance has been decreased by 60.63% to Rs. 3 milllion 987 thousands which was Rs. 102.1 million in the same period of last FY.  Similarly, interest income has been decreased by 15.79% to Rs. 30.7 million  and interest expenses has increased by 1.42% to Rs. 26.7 million. Likewise, operating profit of the bank decreased by 79.96% to Rs. 1 million 712 thousands which was Rs. 8 million 545 thousands last FY. Due to the decline in operating profit and net interest income, net profit of the finance is likely to decline.

EPS of the finance in first quarter stands at Rs. 0.68 whereas P/E ratio is calculated as 558.82 times. Net worth per share has rested at Rs. 163.55 and liquidity ratio is 30.17 times.

Risky assets of the finance have reduced by 36.81% to 30.17%. Similarly, bad debt has increased by 5.06% to 5.35%.

The maximum and minimum price transacted is in Rs. 460 and Rs. 365 in total of 21 days transactions.