Naya Nepal Laghubitta Bikas Bank Limited (NNLB) has posted net profit decrease of 77.55 percent in the first quarter (Q1) of the FY 2074/75.

Publishing the unaudited financial report for the first quarter today, the microfinance company stated that its net profit decrease to Rs 2.69 lakh in the current fiscal year 2074/75, down from Rs 11.98 lakh in the corresponding period of the previous fiscal year 2073/74.

Its paid up capital remains at Rs 2 crore with reserve of Rs 2.43 crore in Q1.

The company has borrowings of Rs 15.59 crore in the first quarter, up from Rs 8.84 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 21.33 crore in Q1 whereas in the same period last year the figure stood at Rs 15.22 crore.

Its non-performing loan (NPL) has decreased to 3.48 % in Q1 from 6.67 % in the previous year report.

Its annualized earning per share (EPS) stands at Rs 5.48, net worth per share at Rs 221.55 and the P/E ratio at 464.68 times.

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