Forward Community Microfinance Logs Plain Growth in Q1

Nov 05, 2019 11:52 AM Merolagani

The net profit of Forward Community Microfinance Bittiya Sanstha (FOWAD) has increased by merely 4.17 percent to Rs 83.7 million in the first quarter of the current FY compared to Rs 80.4 million of the corresponding period of the last FY.

The company with Rs 377.6 million in paid-up capital has reserve fund of Rs 954.5 million.

During the period, the company collected deposit of Rs 4.87 billion, borrowed Rs 5.26 billion and extended loan of Rs 10.11 billion. In the period, the company increased its net interest income by 22.66 percent to Rs 221.8 million.  

Similarly, the operating profit, employee expenses and other operating expenses increased by 4 percent, 29.19 percent and 15.68 percent respectively.

The company has non-performing loan of 0.82 percent, EPS of Rs 88.73, net worth per share of 352.74 and P/E ratio of 59.73 times.

 

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