Forward Microfinance’s Net Profit and EPS Increases

May 11, 2022 12:48 PM Merolagani

Forward Microfinance Laghubitta Bittiya Sanstha (FOWAD)  has published its third quarter report of the current FY. As per the company’s report, the company has increased both net profit and EPS during the period compared to the corresponding period of the last FY.

In the review period, the company earned a net profit of Rs 709.1 million. The net profit increased by 96.13 percent compared to  Rs 361.5 million of the review period of the last FY.

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

During the period, the company logged 30.29 percent increase in net interest income, operating profit by 84.63 percent and total operating income by 24.64 percent.

 The company increased its paid-up capital by 35 percent and reserve fund by 64.46 percent. The company increased its borrowing by 15.95 percent, deposits by 19.15 percent and loans by 30.80 percent.

The company logged EPS of Rs 111.97, P/E ratio of 19.87 times and net worth per share of Rs 305.22.

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