Kathmandu. Nerude Mirmire Laghubitta Bittiya Sanstha has published its unaudited financial statements for the first quarter of the current financial year.According to the details made public by Microfinance, Microfinance has incurred a loss of Rs. 2,79,99,000.
The company had posted a net profit of Rs 5,53,68,000 in the same period last FY.
Since then, the bad loans of microfinance have increased from 15.70 percent to 21.73}.
Similarly, the net interest income of the microfinance company also decreased from Rs 40.35 crore to Rs 28.89 crore, while operating profit was negative to Rs 3.60 crore.
Laghubitta’s earnings per share (EPS) also declined to Rs 8.01 from Rs 15.84 and net worth to Rs 184.40.
