First Microfinance Earns Net Profit of Rs 66.9 Mn

Jan 16, 2020 10:31 AM Merolagani

First Microfinance Bittiya Sanstha (FMDBL) has earned a net profit of Rs 66.9 million in the second quarter of the current FY compared to Rs 56.3 million of the corresponding period of the last FY. The net profit increased by Rs 10.6 million during the period.

An increase in net interest income and operating profit helped to boost the net profit. In the review period, the company earned Rs 105.89 million in net interest income which is Rs 14.6 million above the net interest income earned in review period of the last FY.

Similarly, the operating profit of the company increased by Rs 17.5 million to Rs 106 million in the review period. The company with Rs 800.7 million in paid-up capital has reserve fund of Rs 174.2 million. During the period, the company borrowed Rs 5.54 billion and extended loans of Rs 5.84 billion.

In the review period, the company maintained EPS of Rs 16.72, net worth per share of Rs 121.77 and P/E ratio of 24.82 times.

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