However, the reserve fund of the company increased significantly during the period. The reserve fund which was Rs 1.7 million during the last FY increased to Rs 32.1 million in the current FY.
While the net interest income increased to Rs 8.3 million from Rs 7.9 million during the review period, its operating profit decreased to Rs 2 million from earlier Rs 4.9 million due to excessive increase in employee expenses, other operating expenses and loan loss. Similarly, its cost of fund also rose to 9.95 percent from 4.8 percent.
Meanwhile, the company has maintained EPS of Rs 28.64 and net worth per share at Rs 200.97.
Samata Microfinance calls out AGM on December 2
Samata Microfinance has called out its AGM on December 2 in Hotel Ichhchya, Simara. The company will endorse a proposal of distributing Rs 6.3 million worth of bonus share and Rs 3.6 million worth of cash dividend.
Moreover, the company will also approve a proposal of issuing 50 percent right shares of the paid-up capital maintained after bonus distribution.
The company is closing its book from December 17 for the AGM purpose, thus, shareholders registered in the book by December 16 will be eligible for the AGM participation.
