National Microfinance Increases Net Profit by 44.97%

Feb 11, 2021 09:13 AM Merolagani

National Microfinance Laghubitta Bittiya Sanstha (NMFBS) has earned a net profit of Rs 134.1 million In the second quarter of the current FY. The net profit increased by 44.97 percent compared to Rs 92.5 million of the corresponding period of the last FY.

Increase its net interest income and operating profit helped to boost its net profit.

In the review period, the company increased its net interest income by 37.74 percent to Rs 251.4 million. Similarly, the operating profit of the company increased to Rs 212.9 million from Rs 146.8 million.

The company has a paid-up capital of Rs 264 million and reserve fund of Rs 345.3 million. During the period, the company collected deposit of Rs 1.84 billion, borrowed Rs 4.80 billion and extended loan of Rs 6.38 billion.

In the review period, the company logged bad debt of 2.23 percent and has maintained provision for possible losses of Rs 25.6 million.

The company logged EPS of Rs 101.90, P/E ratio of 23.67 times and net worth per share of Rs 230.78. 

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