Net Profit of Mirmire Laghubitta Increases 6 times

Jul 29, 2021 04:11 PM Merolagani

Mirmire Laghubitta Bittiya Sanstha (MMFDB) has increased its net profit by 6 times to Rs 200.1 million in the fourth quarter of the last FY compared to Rs 34.3 million of the corresponding period of the last FY.

The increase in net profit can be attributed to increases in net interest income and other operating income as well as decreased non-performing loans.

Mirmire Laghubitta is moving forward with strengthen capacity after acquiring other various microfinance companies.

In the review period, the company increased its net interest income by 129.20 percent, other operating income by 199.75 percent and operating profit by 490.16 percent. Similarly, its paid-up capital increased by 108.51 percent, reserve fund by 334.14 percent, borrowing by 192.77 percent, deposits by 90.43 percent and loans by 159.69 percent.

Along with profit and paid-up capital, the EPS of the company has also increased. It logged EPS of Rs 29.52 and non-performing loan of 1.99 percent.

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