Unnati Microfinance Increases Net Profit by 104%

Aug 07, 2019 01:08 PM Merolagani

The net profit of Unnati Microfinance (UMB) has increased by 104 percent to Rs 41.8 million in the fourth quarter of the last FY compared to Rs 20.5 million of the corresponding period of the previous FY.

The company with paid-up capital of Rs 88.2 million has reserve fund of Rs 61.1billion. In the review period, the company increased its paid-up capital by distributing 40.50 percent bonus share and issuing 20 percent right issue.

In the review period, the microfinance collected deposits of Rs 556 million, borrowed Rs 1.10 billion and extended loans of Rs 1.45 billion.

Similarly, the company increased its net interest income by Rs 20 million to Rs 85.1 million from earlier Rs 65 million.  

The company has non-performing loan of 1.63 percent, earning per share of Rs 47.43,  net worth per share of  Rs 164 and P/E ratio of 16.87 times.


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