Significant Financial Improvement for Upakar Laghubitta: Rs. 30 Million Profit by Ashad End

Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has published its unaudited financial report for the fourth quarter of FY 2081/82. As per the report, the company, which had recorded a net loss of Rs. 35.1 million in the same period of the previous fiscal year, has now reported a net profit of Rs. 34.2 million.

The major reason for this turnaround is the significant reduction in the provisioning for possible losses. Last fiscal year, the company had allocated Rs. 63.9 million for potential risks, while this year, it allocated only Rs. 10.8 million, contributing directly to profitability.

During the review period, the company’s net interest income increased by 16.82%, other operating income surged by 105.44%, and total operating income rose by 22.81%.

As of Ashad end, the company’s earnings per share (EPS) stood at Rs. 32.26, net worth per share at Rs. 190.96, and the price-to-earnings (P/E) ratio was 105.07 times.

Upakar Laghubitta has a paid-up capital of Rs. 106.1 million and retained earnings of Rs. 130.8 million.

The institution has collected deposits of Rs. 923.6 million and raised borrowings worth Rs. 1.40 billion, which it has used to extend loans totaling Rs. 2.45 billion.