KATHMANDU

Nepal Agro Microfinance Institution has managed to earn a net profit of Rs. 143.33 million in the second quarter of the current fiscal year. This is an increase of 123.43% over the same period last year.

As per the financial statement made public, the institution has collected Rs. 286.73 million in deposits and invested Rs. 883.93 million in loans and Rs. 377.85 million in the reserve fund.Similarly, the company’s earnings per share during the period was Rs 50.08 and net worth per share was Rs 166.06. Bad debt of Nepal Agro has increased to 1.90% from 1.33% last year.