Net Profit of First Microfinance Increases 31%

Jul 18, 2019 11:51 AM Merolagani

The net profit of First Microfinance has increased by 31.31 percent in the fourth quarter of the last FY. In the review period, the company earned a net profit of Rs 133.2 million compared to Rs 101.1 million of the corresponding period of the previous FY.

In the review period, the company borrowed Rs 5.14 billion and extended loan of Rs 5.50 billion. During the period, the company earned net interest income of Rs 212.3 million which was Rs 165.8 million in the previous FY.

The company with Rs 684.3 million in paid-up capital has a reserve fund of Rs 231.4 million. Similarly, it logged zero non-performing loan and EPS of Rs 19.46, net worth per share of Rs 133.81 and P/E ratio of 19.27 times.

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