Net Profit of NMB Microfinance Increases in Q3

Apr 15, 2019 Merolagani

NMB Microfinance (NMBMF) has increased its net profit by Rs 11.4 million in the third quarter of the current FY compared to the corresponding period of the last FY.

The company that earned a net profit of Rs 33.2 million in the review period of the current FY earned Rs 21.8 million in the review period of the last FY.

During the period, the company collected deposit of Rs 961.1 million, extended loan of Rs 2.79 billion and borrowed Rs 1.87 billion.

The company earned Rs 143 million in net interest income during the review period  compared to Rs 119.3 million in the last FY.

NMB Microfinance with Rs 162 million in paid-up capital has reserve fund of Rs 119.9 million. In the review period, it's bad debt decreased to 2.45 percent from earlier 2.93 percent.

The company maintained EPS of Rs 27.39, net worth per share of Rs 174.06 and P/E ratio of 36.55 times in the review period.  

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