First Microfinance first to publish 2071/72 Q3 report; posts 24.38% rise in profit

ShareSansar April 15:

First Microfinance Development Bank Limited has become the first among the listed companies to publish its unaudited financial report for the third quarter of the current fiscal year 2071/72.

The bank has stated that it has posted a profit rise of 24.38 percent in the third quarter as its net profit rose to Rs 2.4 crore, up from Rs 1.9 crore in the corresponding quarter last fiscal year.

Its borrowing has increased from Rs 1.04 arba in the corresponding quarter of the previous year to Rs 1.90 arba in the third quarter of 2071/2072.

Its net interest income has also surged to Rs 8.88 crore in the third quarter compared to the preceding quarter of the last fiscal year when the company’s interest earning had stood at Rs 6.39 crore.

First Microfinance non-performing loan remains zero as stated by the latest financial report.