Aefl registers Rs 6.6m profit Himalayan News Service Alpic Everest Finance Ltd (AEFL) has posted a growth of Rs 6.6 million in operating profit for the first six months of current fiscal year 2004-05. The company’s total deposits has reached Rs 550 million in the first half of the current fiscal, whereas loan and other investment touched Rs 580 million so far, according to figures released at the 11th annual general meeting of the company. The meeting held under the chairmanship of Ganesh Bahadur Thapa, chairman of AEFL, also passed the annual report for the fiscal year 2003-04. The company earned the operating profit of Rs 14 million during the period. It posted a net profit of seven million rupees after provision for tax and bonus liability. With last year’s net profit, the company’s total reserve profit has reached Rs 15.5 million, which accounts for 39 per cent of AEFL’s paid-up capital. The meeting, however, decided to hold its previous decision to issue bonus share to its shareholders, saying the company is still in deficit of Rs 50 million (for its total paid-up capital). The meeting also decided to increase the company’s authorised capital to Rs 160 million and paid up capital to Rs 80 million. AEFL has been able to lower its non-performing assets (NPA) to 5.70 per cent of total loan investment. It has already purchased a house and renovated for its corporate office at Kamaladi.