Kathmandu: Rashtra Utthan Microfinance Financial Institution has released the financial statement for the fourth quarter of the last financial year. During this period, the net profit of the organization increased by 41.17% to 66.65 million 2 thousand rupees.
In the same period of the previous financial year, it had earned a profit of Rs 471 lakh 9000. The increase in net interest income and operating profit of Rashtra Utthan has helped in increasing its profit.
The organization has written back 8 lakh 5 thousand rupees. In the same period of the previous financial year, it had written back 22 lakh 33 thousand rupees.
By the end of June, its reserve fund has increased by 54.42%. 182.22 lakh 12 thousand rupees have been collected in its reserve. In the same period of the previous financial year, its reserves had accumulated 11 crore 79 lakh 99 thousand rupees. Its cost of funds has also increased. Its earnings per share is 25 rupees 58 paisa and net worth per share is 170 rupees 8 paisa.