Kathmandu, July 10
The merchant banker headquartered in Lalitpur has stated that its net profit has risen to Rs 2.79 crore in the third quarter, up from just Rs 41.82 lakh in the corresponding quarter.
The profit was propelled by its core business as its net interest income rose to Rs 5.05 crore in the third quarter as compared to Rs Rs 3.13 crore.
Patan Finance, which is also based in Lalitpur, posted the net loss of Rs1.89 crore by the end of third quarter though its financial heath is improving over the recent months.
Trading of SMBF and PFLBS suspended for the merger
Kathmandu, July 10
Nepal Stock Exchange Limited (NEPSE) has suspended the trading of Sagarmatha Merchant Banking & Finance Limited and Patan Finance Limited from today following the recent merger process between the two Financial institutions
Sagarmatha Merchant Banking & Finance reported that its net profit has risen by an astounding 569 percent by the end of the third quarter.
Nepal Stock Exchange Limited (NEPSE) has suspended the trading of Sagarmatha Merchant Banking & Finance Limited and Patan Finance Limited from today following the recent merger process between the two Financial institutions
Sagarmatha Merchant Banking & Finance reported that its net profit has risen by an astounding 569 percent by the end of the third quarter.
The merchant banker headquartered in Lalitpur has stated that its net profit has risen to Rs 2.79 crore in the third quarter, up from just Rs 41.82 lakh in the corresponding quarter.
The profit was propelled by its core business as its net interest income rose to Rs 5.05 crore in the third quarter as compared to Rs Rs 3.13 crore.
Patan Finance, which is also based in Lalitpur, posted the net loss of Rs1.89 crore by the end of third quarter though its financial heath is improving over the recent months.
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