National Microfinance Logs Decline in Net Profit

May 12, 2023 09:50 AM Merolagani

National Microfinance Laghubitta Bittiya Sanstha (NMFBS) has published its third quarter report of the current FY.

As per the report, the company has logged 39.65 percent decline in net profit in the review period compared to the corresponding period of the previous FY.

The company earned a net profit of Rs 203.2 million in the review period compared to Rs 336.8 million of the corresponding period of the previous FY.

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

In the review period, its net interest income decreased by 27.89 percent and net fee and commission income by 29.89 percent. Similarly, its total operating income declined by 19.05 percent and operating profit by 39.65 percent.

The company has Rs 586.6 million in paid-up capital and reserve fund of Rs 941.4 million. It extended loans of Rs 11.03 billion by collecting deposits and borrowing of Rs 9.82 billion.

In the review period, it logged EPS of Rs 46.20, P/E ratio of 27.58 times and net worth per share of Rs 260.48.

 

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