EPS of Mero Microfinance Increases by Rs 26.5

Aug 02, 2021 10:04 AM Merolagani

The EPS of Mero Microfinance Laghubitta Bittiya Sanstha (MERO) has increased by Rs 26.51 to Rs 44.72 in the fourth quarter of the last FY compared to the corresponding period of the previous FY.

The company logged net worth per share of Rs 163.12 and P/E ratio of 34.57 times.

In the review period, the company earned net profit of Rs 447.2 million which is growth of 145.51 percent compared to the review period of previous FY.

Minimal allocation of fund in provision for possible losses and recovery of huge bad debt can be attributed to the increase in the net profit.

In the review period, the net interest income of the company increased by 72.46 percent and operating profit by 102.52 percent. Similarly, its recovered bad debt ot Rs 115.1 million during the period.

In the review period, the company raised reserve fund by 201.97 percent. Its borrowing increased by 154.94 percent, deposits by 52.35 percent and loan extensions by 136.40 percent.

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