First Q4 report published by First Microfinance; Profit Up 27.43%

Jul 18, 2018 Merolagani

First Microfinance Laghubitta Bittiya Sanstha (FMDBL) has published its fourth-quarter financial report of the FY 2074/75.

The microfinance company has logged a profit of Rs 102.17 million in the fourth quarter of the last FY compared to Rs 80.17 million of the corresponding period of the previous FY. The profit increased by 27.43 percent review period of the last FY compared to the review period of the previous FY.

In the review period, the paid-up capital of the company increased by 50.38 percent to Rs 684.39 million from Rs 455.1 million of the previous FY. Similarly, its reserve and surplus increased by whopping 208.27 percent to Rs 184.4 million from Rs 59.82 million.

During the review period, the company earned Rs 505.43 million interest income and spent Rs 339.501 million in interest expenses. Such income and expenses were Rs 314.16 million and Rs 184.89 million respectively in the corresponding period of the previous FY.

During the period, the company's borrowing increased to Rs 3.86 billion compared to Rs 3.24 billion of the previous FY. Similarly, it extended loans and advance of Rs 4.13 billion in the last FY compared to Rs 3.4 billion of the previous FY.

The company has maintained EPS of Rs 14.93, P/E ratio of 36.17 times, net worth per share of Rs 126.95, total asset per share of Rs 696.54 and liquidity ratio of 15.49 percent in the last FY.

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