Mero Microfinance increases net profit by 56%

Nov 07, 2019 10:14 AM Merolagani

Mero Microfinance Laghubitta Bittiya Sanstha (MERO) has increased its net profit by 55.92 percent to Rs 42.7 million in the first quarter of the current FY compared to Rs 27.4 million in the corresponding period of the last FY.

The company with Rs 657.8 million in paid-up capital has reserve fund of Rs 426.5 million. In the review period, the company collected deposit of Rs 1.31 billion, borrowed Rs 3.55 billion and extended loan of Rs 4.88 billion.

During the period, the company earned Rs 119.7 million in net interest income and Rs 57.6 million in operating profit.

The company maintained EPS of Rs 25.98, net worth per share of Rs 164.08 and P/E ratio of 21.17 times.

Similarly, it has a non-performing loan of 1.60 percent.

 

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