Net Profit of Summit Microfinance Decreases

Nov 21, 2017 Merolagani

Summit Microfinance Development Bank (SMFDB) has earned a net profit of Rs 8.2 million in the first three months of the current FY which is 20.16 percent less than the corresponding period of the last FY. In the review period of the last FY, it earned a net profit of Rs 10.2 million.

 

Summit Microfinance has paid-up capital of Rs 72.5 million and a reserve fund of Rs 89.6 million. In order to increase its paid-up capital, the company is distributing 34.48 percent bonus share and 10.52 percent cash dividend for the last FY. The company also issued 725,000 units of right shares on September 14.

During the review period, the company collected a deposit of Rs 489.9 million and extended loan of Rs 1.26 billion.

Summit has EPS of Rs 11.32 and net worth per share of Rs 230.18.  

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