First Microfinance Publishes 3rd Quarter Report

Apr 16, 2021 09:55 AM Merolagani

First Microfinance Laghubitta Bittiya Sanstha (FMDBL) has published the third-quarter financial report of the current FY.

In the review period, the company has earned a net profit of Rs 97.8 million. The net profit increased by 13 percent compared to the corresponding period of the last FY.

An increase in net interest income and operating profit pulled its profit up during the period. In the review period, the company increased its net interest income by 34 percent and operating profit by 13 percent.

During the period, the borrowing of the company increased 57 percent and loan extension by 48 percent. The company with Rs 876.8 million in paid-up capital has a reserve fund of Rs 233.5 million. The paid-up capital increased by 9 percent and the reserve fund by 21 percent.

Along with net profit, its EPS has also increased. The EPS of the company increased by Rs 0.46 and net worth per share by Rs 2.43 during the period compared to last FY.  It logged a P/E ratio of 59.39 times during the period.

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