Net profit of Forward Microfinance Decreases 7%

May 15, 2020 01:40 PM Merolagani

The net profit of Forward Microfinance has decreased by 7.74 percent to Rs 217.6 million in the third quarter of the current FY compared to Rs 235.8 million of the corresponding period of the last FY.

The company earned Rs 562.1 million in net interest income compared to Rs 590.8 million while it earned operating profit of Rs 341.8 million from Rs 369.9 million of the review period of the last FY.

During the period, the company collected deposit of Rs 5.43 billion and extended loan of Rs 118.2 million. It has bad debt of 1.06 percent.

The company with paid-up capital of Rs 500 million has reserve fund of Rs 890.7 million. The company logged EPS of Rs 59.98, net worth per share of Rs 278 and P/E ratio of 31.73 times.

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