KATHMANDU
Net profit of Summit Microfinance increased by 27.27% in the second quarter of the current Fiscal Year. The organization has earned a net profit of Rs 42.4 million. Last year, the company had earned a profit of Rs 33.3 million.

As of mid-January, the institution has collected Rs 1.55 billion in deposits and invested Rs 3.40 billion in loans, while net interest income has increased by 9.87% to Rs 98.8 million. Similarly, operating profit also increased by 27.15%. The company’s earnings per share is Rs 21.55 and net worth per share is Rs 136.71.