Reserve Fund of RMDC Doubles Paid-up Capital

Aug 03, 2018 Merolagani

Rural Microfinance (RMDC) has earned a net profit of Rs 257.3 million in the last FY compared to Rs 211.2 million of the previous FY.

The company with Rs 726.7 million in paid-up capital has maintained Rs 1.43 billion in reserve fund. The reserve fund is double the amount of the paid-up capital.

In the meantime, it's EPS increased by Rs 6.34 to Rs 35.41 in the last FY.

The company borrowed Rs 5.31 billion and extended loan of Rs 6.84 billion in the review period. Similarly, it earned Rs 405.9 million in net interest income during the period.

The company has net worth per share of Rs 297.08, capital fund ratio of 25.26 percent and P/E ratio of 16.67 times.

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