CYC Nepal Laghubitta’s Profit Soars by 208%, Distributable Profit Exceeds NPR 91 Million

CYC Nepal Laghubitta Bittiya Sanstha Ltd. (CYCL) has reported a significant increase in profit in its unaudited fourth-quarter report of FY 2079/80. The company posted a net profit of NPR 117.4 million, a growth of 208.44% compared to the same period last year. Distributable profit rose from NPR 29.7 million to NPR 91 million.

Net interest income increased by 41.30%, while operating profit surged by 250.53%. Earnings per share jumped by NPR 29.80 to reach NPR 44.09. As of Ashad-end, the distributable EPS stands at NPR 34.17, net worth per share at NPR 277.17, and the P/E ratio at 40.28 times. The reserve fund holds NPR 472 million, with deposits and loans growing by 10.49% and 4.96%, respectively.