Kathmandu: Andhikhola Microfinance Financial Institution Limited (AKBSL) has published the financial statements for the last and fourth quarter of the Fiscal Year 2077/78. As per the details, the company has managed to earn a net profit of Rs. 41 million by the end of the fourth quarter. Net profit increased by 115.94% compared to the same quarter of the previous year. Along with the increase in net profit, the company’s earnings per share has also increased from Rs 19.01 to Rs 41.06.
The increase in net interest income by 38.69%, increase in operating profit by 102.85%, and repayment of Rs.
The paid up capital of microfinance, which has not been distributed till now, is Rs. 100 million. Similarly, reserves and funds increased by 106.58% to Rs. 8.01 crore. At present, the ratio of reserves and funds to paid-up capital is 80.18%. Similarly, the total share capital of microfinance has also increased to Rs. 18.01 crore, which has increased the book value per share from Rs. 140.81 to Rs. 180.18.
Similarly, microfinance, which covers 10 districts, has also significantly increased its business. As of the last quarter, Rs. 36.87 crore has been deposited from member customers and Rs. 57.25 crore has been borrowed from various banks and financial institutions, Rs. 94.13 crore has been raised and Rs. 1.05 billion has been disbursed. Capital mobilization and credit flow increased by 41.86% and 42.59% respectively over the corresponding period of the previous year.
At present, Andhikhola Microfinance is in the process of merging with Dhaulagiri Microfinance Financial Institution Limited, which operates at the national level.