Best Finance Company Limited (BFC) has released its fourth-quarter report for the fiscal year 2079-80, revealing a significant 76.87 percent decrease in its Net Profits compared to the same period last year. In the last quarter of FY 2079-80, the company’s earnings were only Rs. 3.86 crores, a sharp drop from the Rs. 16.72 crores earned in the corresponding quarter of FY 2078-79.
While there’s a slight improvement in the Net Interest Income, which is the company’s core revenue, it amounts to Rs. 13.09 crores for the final quarter of FY 2079-80. On the other hand, the company’s Operating Profit has seen a substantial decline of 73.34 percent, reaching a total of Rs. 5.58 crores by the end of FY 2079-80.