Tag: Mahila

  • Mahila Laghubitta: No Dividends for Shareholders in FY 2079/80

    Mahila Laghubitta: No Dividends for Shareholders in FY 2079/80


    In a strategic move towards financial prudence, Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has officially announced its decision not to distribute dividends for the Fiscal Year 2079/80. The outcome of the 69th Board Meeting, held on Magh 18, 2080, reflects MLBSL’s commitment to responsible financial management. This decision, however, awaits the crucial approvals from the regulatory authority, Nepal Rastra Bank, and the imminent Annual General Meeting of the company. MLBSL, by prioritizing financial stability, aims to fortify its position in the financial landscape, ensuring sustained growth and resilience in the microfinance sector.

     

  • Mahila Laghubitta Bittiya Sanstha Limited Reports Decline in Q3 Profits

    Mahila Laghubitta Bittiya Sanstha Limited Reports Decline in Q3 Profits


    Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has released its third-quarter report for the fiscal year 2079/2080, revealing a net profit of Rs. 5.24 crores. This marks a significant decline of 52.80% compared to the corresponding quarter of the previous fiscal year, which reported a net profit of Rs. 11.11 crores.

    MLBSL has witnessed a substantial increase in impairment charges, rising by 604.13% to reach Rs. 3.26 crores until the end of Q3 in the current fiscal year. Additionally, the Non-Performing Loan (NPL) of the company has surged, reaching 9.80% in the third quarter of FY 2079/80. It can be inferred that higher impairment charges and NPL have adversely affected the company’s profitability.

    On a different note, MLBSL’s net interest income, which represents its core revenue, has experienced a slight decline of 3.57% and amounts to Rs. 20.58 crores until the end of Q3 in FY 2079/80. Meanwhile, the company’s personnel and staff expenses have increased to Rs. 12.59 crores, reflecting a growth of 22.52% compared to the third quarter of FY 2078/79.

    MLBSL has successfully raised its paid-up capital by 47.50%, totaling Rs. 21.75 crores. The company also maintains a reserve and surplus, comprising reserves and retained earnings, amounting to Rs. 22.46 crores.

    With an Earnings per Share (EPS) of Rs. 32.17, MLBSL showcases its profitability per share. The Net Worth per Share of the company stands at Rs. 203.24, indicating its value per share based on its net worth.

    Overall, MLBSL’s Q3 report demonstrates a decline in profits, driven by increased impairment charges and NPL. The company also faces challenges related to net interest income and rising personnel expenses. However, it has managed to strengthen its financial position through an increase in paid-up capital and maintains a favorable EPS and net worth per share.

  • Mahila Laghubitta (MLBSL) Bonus Shares (47.5%) Listed on NEPSE

    Mahila Laghubitta (MLBSL) Bonus Shares (47.5%) Listed on NEPSE


     

    NEPSE has listed 7,00,625 unit bonus shares of Mahila Laghubitta Bittiya Sanstha Limited (MLBSL).

    On 21st Falgun, the company held its 5th AGM for FY 2078/79 and approved a 50% dividend worth Rs. 7.37 crores for the fiscal year 2078/79. On Poush 26, the 51st board of directors decided to distribute the dividend on the paid-up capital of Rs. 14.75 crores. There was a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) worth Rs 36.87 lakhs.

     

  • Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend

    Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend


    Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has scheduled its 5th Annual General Meeting on 21st Falgun, 2079. The conference will begin at 11 a.m. that day at the Agantuk Resort in Dhulikhel.

    Among the other items on the agenda, the AGM will approve a 50% dividend of Rs. 7.37 crores for fiscal year 2078/79. On Poush 26, the 51st board of directors resolved to issue the dividend on the paid-up capital of Rs. 14.75 crores. There is a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) of Rs 36.87 lakhs.

    There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted. The meeting will also examine expanding the authorized, issued, and paid-up capital of the corporation.

    The book will be closed on February 5th. As a result, shareholders who held shares prior to that date are entitled to the dividend distribution and are welcome to attend this AGM.