Finance Sector Profits Surge 97% to NPR 1.64 Billion in Q4 2082/83; Best Finance Leads the Growth
Summary
Listed finance companies on NEPSE saw their total net profit surge 97% year-on-year to NPR 1.64 billion in Q4 FY 2082/83. Manjushree Finance posted the highest absolute profit, while Best Finance recorded the fastest growth and Nepal Finance fell into a net loss.
Key Points
- Listed finance companies on NEPSE reported a combined net profit of NPR 1,640.30 million in Q4 FY 2082/83, up 97% from the same period last year.
- Manjushree Finance earned the highest net profit at NPR 376.38 million, while Best Finance posted the strongest growth rate at 3,271%.
- Gurkhas Finance turned around from a loss of NPR 127.39 million to a profit of NPR 219.40 million.
- Nepal Finance recorded the biggest decline and slipped to a net loss of NPR 69.61 million.
