Net Profit of Samata Microfinance Decreases

May 16, 2018 Merolagani

The net profit of Smata Microfinance (SMATA) has decreased by Rs 10.8 million in the third quarter of the current FY to Rs 5.6 million compared to Rs 16.5 million in the corresponding period of the last FY.

Similarly, its EPS decreased to Rs 19.94 compared Rs 69.71. The company with a paid-up capital of Rs 37.9 million has reserve fund of Rs 15.9 million.

In the review period, the company collected deposit of Rs 220 million and extended loan of Rs 619.9 million.

The company has bad debt ratio of 0.71 percent and has maintained provision for possible loss of Rs 6.6 million. During the period, the company earned net interest income of Rs 27.8 million.

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