Net Profit of Maha Laxmi Finance Increases 18 %

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Net Profit of Maha Laxmi Finance Increases 18 %

July 25: According to the fourth quarter financial report of the FY 2072/73, the net profit of Maha Laxmi Finance has increased by 17.92 percent to Rs 102.6 million. The increase in the net profit is attributed by 17 percent increment in total interest income and 37 percent increment in total profit.

Meanwhile, the company has collected Rs 5.43 billion deposit. It has extended loan of Rs 4.48 billion during the review period. Interest income of the company has increased by 12.74 percent to Rs 501.4 million and interest expenses have increased by 9.85 percent to Rs 308.2 million. Likewise, employee expenses have decreased by 4.16 percent to Rs 42.5 million. The total operating income and other operational expenses has increased by 18.45 percent and 0.48 percent respectively.

The fixed asset of the company has increased by 3.29 percent to Rs 96 million and other assets have increased by 4 percent to Rs 30.5 million. The company has 15 percent capital fund expenditure and capital fund adequacy of 6.43 percent.  CD ratio of the company is 74 percent.

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