First Microfinance first to publish FY 72/73 Q1 report; profit surged by 66.53%

First Microfinance Development Bank Limited (FMDBL) has reported a massive profit growth of 66.53 percent in the first quarter of the current fiscal year 2072/73. According to the unaudited financial report for the first quarter published today, the microfinance company has stated that its net profit surged to Rs 1.10 crore in first quarter as compared to Rs 66.42 lakhs in the corresponding quarter of the last fiscal year 2071/72. The microfinance borrowing has increased from Rs 1.62 arba in the corresponding quarter of the previous year to Rs 2.30 arba in the first quarter of the current fiscal year 2072/2073. Its net interest income has also increased to Rs 2.20 crore in the Q1 up from Rs 1.53 crore compared to the corresponding quarter of the last fiscal year. First Microfinance paid up capital have also increased to Rs23 crore in this first quarter up from Rs 1 crore in previous FY report. FMDBL non-performing loan remains zero as stated by the latest financial report. Click Here To View Announcement