Mero Microfinance Raises Net Profit by 86%

Apr 25, 2019 Merolagani

Mero Microfinance (MERO) has earned a net profit of Rs 111.8 million in the third quarter of the current FY. In the corresponding period of the last FY, the company earned net profit of Rs 59.9 million. The profit increased by 86.58 percent in the review period.

Mero Microfinance has a paid-up capital of Rs 328.9 million and reserve fund of Rs 188.5 million. The company collected deposit of Rs 1.07 billion and extended loan of Rs 4.37 billion in the review period.

In the review period, the company earned net interest income of Rs 258.1 million. the company has non-performing loan of 2.04 percent, EPS of Rs 45.33, net worth per share of Rs 157.34 and P/E ratio of 12.33 times.

Join us on Viber 

 

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