Support Laghubitta Bittiya Sanstha Limited (SMB) published the third-quarter report of FY 2078/2079 with a decline in net profit by 47.91%. As per the report published by the company, the net profit decreased to Rs. 1.1 crores as compared to Rs. 2.1 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 9.90% to Rs. 91.2 crores which was Rs. 82.9 crores in the corresponding quarter of the previous year. The deposits of the company increased by 13.94% to Rs 25.5 crores. The company’s loans and advances have also increased by 15.84% to Rs. 1.24 Arba in this quarter.
The net interest income (core revenue) has decreased by 6.29% to Rs. 5.4 crores compared to Rs. 5.7…
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