Tuesday, July 30, 2013

Narayani Finance & Nepal Express Finance post Rs9.88 crore & Rs2.29 crore net profits.

Narayani National Finance Limited has reported 45.49 % increase in its net profit for FY 2069/70. The finance company earned a net profit of Rs 9.88 crore as compared to Rs 6.79 crore in the last fiscal.

Narayani’s deposits rose to Rs 3.73 arba from Rs 3.10 arba in the last fiscal. The company has forwarded loan and advances of Rs 3.51 arba. The finance company’s EPS stands at Rs 15.27 and net worth at Rs 141.94.

Meanwhile, Nepal Express Finance Limited (Nepex) has earned a net profit of Rs 2.29 crore, a 28.65% rise from last year’s profit of Rs 1.78 crore.

An unaudited financial report for FY 2069/70 shows that the finance company’s total deposits currently stands at Rs 77.39 crore, a growth of 19.01% from Rs 65.03 crore in the previous year. The company has extended loans and advances of Rs 68.77 crore compared to Rs 48.47 crore last year

The company’s net worth is valued at Rs 120.12 and its EPS stands at Rs 12.74.
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