Mero Microfinance Improves Major Indicators

Apr 28, 2022 02:39 PM Merolagani

Mero Microfinance Laghubitta Bittiya Sanstha (MERO) has published its third quarter report of the current FY. As per the company’s report, its net profit has increased compared to the corresponding period of the last FY.

In the review period, the company earned a net profit of Rs 296.59 million , a growth of 15.20 percent compared to  Rs 341.5 million of the review period of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in the net profit.

During the period, the company logged 41.60 percent increase in net interest income, total operating income by 26.69 percent and 15.90 percent increment in total operating profit.

The company increased its paid-up capital by 20 percent and reserve fund by 50.97 percent. The company increased its deposits by 32.32 percent and loans by 25.03 percent.

The company logged EPS of Rs 37.95, net worth per share of Rs 160.41 and P/E ratio of 25.90 times.

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