Womi Microfinance Earns Rs 39.5 Mn in Net Profit

Jul 25, 2018 Merolagani

Womi Microfinance (WOMI) has earned a net profit of Rs 39.5 million in the last FY. The net profit increased by 86.97 percent compared to the net profit of previous FY. In the previous FY, the company earned Rs 21.1 million in net profit.

The net profit has increased due to improvement in its net interest income and operating profit. The company has been able to decrease its bad debt as well.

With a paid-up capital of Rs 100 million, Womi Microfinance has a reserve fund of Rs 65.4 million.

In the review period, the company collected a deposit of Rs 454.1 million, borrowed Rs 726.9 million and has extended a loan of Rs 1.23 billion.

The company has maintained bad debt of 0.65 percent, EPS of Rs 29.08, P/E ratio of 35.44 times and net worth per share of Rs 164.76.

 

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