Gorkhaj Finance's profit rises 178 percent

Jan Sun 2021 06:42:41

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Gorkhaj Finance's profit rises 178 percent

Kathmandu. Gorkhaj Finance Limited has made public its financial statements for the second quarter of the current fiscal year on January 25. According to the statement, the company's distributable profit was Rs. 2.365 million is negative. By the second quarter, Rs. The company, which made a net profit of Rs 173.55 million, has set aside Rs 109.86 million in regulatory reserves. The company's distributable profit, which increased its net profit by 183 percent over the previous year, turned negative due to regulatory reserve management.

Currently, the company's paid-up capital is Rs. 867.93 million. The reserve fund amount of the company is Rs. 743.6 million. The reserve fund has also decreased by 6.29 percent this year as compared to last year. Last year, the company's reserve fund was Rs. 79.89 million.

This year, the company's deposit collection and credit flow has increased. Last year, Rs. The company, which has collected Rs. 7.31 billion, has collected Rs. 7 billion 722.47 million 95 thousand has been collected. Similarly, last year Rs. 5 billion 344.49 million 36 thousand loans have been disbursed by the company this year. 5 billion 466.77 million 88 thousand has flowed.