Rural Microfinance Raise EPS by Rs 5

Feb 08, 2018 Merolagani

The earnings per share of Rural Microfinance (RMDC) has increased to Rs 30.87 in the second quarter of the current FY compared to the corresponding period of the last FY.

In the last FY, the microfinance company raised its paid-up capital to Rs 726.7 million by distributing 5 percent bonus share. It's reserve fund also increased by 8 percent to Rs 1.28 billion.

In the review period, the company earned a net profit of Rs 112.1 million compared to Rs 86.6 million of the last FY. During the period, the company extended loans of Rs 6.14 billion.

During the review period, the company increased its operating profit by Rs 40 million to Rs 176.2 million while its employees expenses and other oberating expenses decreased by Rs 2.4 million and 0.9 million respectively.

The company has net worth per share of Rs 277.36 and P/E ratio of 21 times.

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