In its latest second-quarter report for the fiscal year 2080/2081, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a significant 32.87% decrease in net profit. The net profit for this quarter fell to Rs. 17.76 crore, down from Rs. 26.47 crore in the same period last year.
Despite the decline in net profit, the company saw a slight 0.10% increase in deposits, reaching Rs. 10.04 Arba. However, there was a 7.61% decrease in loans and advances, which amounted to Rs. 24.53 Arba in this quarter.
Highlights:
- Muktinath Bikas Bank Q2 FY 2080/81: 32.93% Net Profit Drop
- Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080
- GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans
- “Himalayan Laghubitta’s Q4 Sees Shrunken Operating Profit and Net Profit Due to Core Business Revenue Decline.”
- SMB Reports Impressive Q3 Performance: Net Profit Surges by 94.90%