Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) just announced its fiscal year 2079-80 report. The company’s net profits fell by 64.01%, to Rs. 4.62 crores, from Rs. 12.84 crores in the previous year’s similar quarter.
The company’s Net Interest Income and Operating Profits both declined by 13.48% and 64.04%, respectively. The company earned Rs. 25.50 crores in core business income and Rs. 6.60 crores in operating profits by the end of FY 2079-80.
Customer deposits fell by 8.09%, while loan disbursements fell by 2.12% by the conclusion of fiscal year 2079-80.
During fiscal year 2079-80, the company faced impairment charges totaling Rs. 49.02 lakhs, and its non-performing loan (NPL) grew from 3.11% to 4.13%.
As of Ashad 31, 2080, KMCDB had Rs. 3.6 crores in profits available for distribution to its shareholders.
Earnings per Share (EPS) fell to Rs. 12.42 due to the drop in net earnings, while Net Worth per Share fell to Rs. 149.07. KMCDB has a paid-up capital of Rs. 37.23 crores and reserves and surplus (reserves + retained earnings) of Rs. 18.26 crores.