Mero Microfinance’s Net Profit Declines

Feb 06, 2023 12:32 PM Merolagani



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

In the review period, the company earned a net profit of Rs 67.7 million compared to Rs 294.2 million of the review period of the last FY. the net profit decreased by 76.96 percent during the period.

Decrease in net interest income and operating profit can be attributed to the decrease in the net profit.

During the period, the company logged 35.27 percent decrease in net interest income, total operating income by 39.40 percent and 77.44 percent decline in total operating profit.

The company logged EPS of Rs 11.30, net worth per share of Rs 171.19 and P/E ratio of 67.88 times.

The company with Rs 1.20 billion in paid-up capital has reserve fund of Rs 854.2 million. The company collected Rs 12.48 billion in deposits and extended loans of Rs 15.03 billion.




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