EPS of Forward Community Declines by Rs 42.09

Feb 05, 2019 Merolagani

The EPS of Forward Community Microfinance (FOWAD) has declined by Rs 42.09 to Rs 103.36 in the second quarter of the current FY compared to Rs 145.45 of the corresponding period of the last FY.

The company that raised its paid-up capital by 50 percent recorded plain growth of 6.66 percent in its net profit during the period.

In the review period, the company earned a net profit of Rs 155.1 million compared to Rs 145.4 million of the review period of the last FY.

By the end of the second quarter, the company raised its paid-up capital to Rs 300 million while it raised its reserve fund by 25.53 percent to Rs 882.3 million.

During the period, the company collected deposit collection of 3.61 billion, borrowed Rs 4.31 billion and extended loan of Rs 8.67 billion.

In the review period, the company earned net interest income of Rs 378.4 million. the company has logged bad debt ratio of 0.66 percent and net worth per share of Rs 393.96 during the period.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM