National Microfinance Increases Net Profit by 54%

Apr 21, 2019 Merolagani

National Microfinance (NMFBS) has increased its net profit by 54.29 percent to Rs 92.7 million in the third quarter of the current FY compared to Rs 69.9 million of the corresponding period of the last FY.

As per the third quarter report, the company has EPS of Rs 81.94 percent, paid-up capital of Rs 150.8 million and a reserve fund of Rs 202.2 million. The company collected deposit of Rs 1.21 billion, borrowed Rs 2.13 billion and extended loan of Rs 3.47 billion in the review period.

During the period, the company increased its net interest income by 51.54 percent to Rs 183.8 million. National Microfinance recorded bad debt of 1.57 percent, net worth per share of Rs 234 and P/E ratio of 19.08 times.

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