Mero Microfinance Raises Net Profit by 77%

Jul 30, 2019 11:04 AM Merolagani

Mero Microfinance Laghubitta Bittiya Sanstha (MERO) has increased its net profit by 77.61 percent to Rs 167.6 million in the fourth quarter of the last FY.

The company that increased its paid-up capital to Rs 158.5 million by issuing 100 percent right and 130 percent bonus share has increased its reserve fund to Rs 339 million.

In the review period, the company collected deposit of Rs 1.21 billion, borrowed Rs 2.97 billion and extended loan of Rs 4.41 billion. The company collected interest income of Rs 369.8 million and operating profit of Rs 229.3 million.

During the period, the company decreased its bad debt ratio to 1.2 percent from earlier 1.33 percent. Similarly, its EPS decreased to Rs 25.48 from earlier Rs 33.12. The company logged net worth per share of Rs 126.07 and P/E ratio of 19.23 times.

 

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