Forward Community Earns Net Profit of Rs 235 Mn

May 12, 2019 Merolagani

The net profit of Forward Community Microfinance (FOWAD)  has increased by  10.67 percent to Rs 235.8 million in the third quarter of the current FY compared to Rs 213.1 million of the corresponding period of the last FY.

The company with the paid-up capital of Rs 377.6 million has Rs 805.5 million in reserve fund.

In the review period, the company collected deposit of Rs 4.33 billion, borrowed Rs 4.77 billion and extended loan of Rs 9.52 billion.  

During the period, the bank earned Rs 590.8 million in net interest income compared to Rs 463.1 million of the last FY.

The bank has EPS of Rs 83.27, net worth per share of Rs 313.29 and P/E ratio of 0.76 times.

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