Net Profit of First Micro Increases 18% in Q2

Jan 15, 2019 Merolagani

First Microfinance Laghubitta Bittiya Sanstha (|FMDBL) has once again become first to publish the second quarterly report. The company has increased its overall indicator quite impressively while its net profit has increased by 18 percent.

In the second quarter of the current FY, the company increased its net profit by Rs 8.6 million to Rs 56.3 million compared to the corresponding period of the last FY.

In the review period, the company raised its paid-up capital to Rs 684.3 million from earlier Rs 456.2 million. Similarly, its reserve fund increased to Rs 153 million from Rs 119.3 million.

The company has a bad debt ratio of zero percent and has EPS of Rs 16.46. In the review period, the company borrowed Rs 4.57 billion and extended loan of Rs 4.68 billion which boosted its net interest-earning to Rs 91.2 million from earlier Rs 80.5 million.

The company earned an operating profit of Rs 88.4 million and has maintained net worth per share of Rs 122.36 and P/E ratio of 22.85 times.

 

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