First Microfinance NPL remains zero in Q4; profit surges by 50.80 %
Tue, Jul 19, 2016 11:11 AM on Latest, Financial Analysis, Featured, Stock Market,
First Microfinance Development Bank Limited (FMDBL) has posted a remarkable profit growth of 50.80 percent in the fourth quarter (Q4) of the current fiscal year 2072/73.
According to the unaudited financial report for the fourth quarter published today, the microfinance net profit increased to Rs 5.44 crore by the quarter end as compared to Rs 3.61 crore in the corresponding quarter of the last fiscal year 2071/72.
The microfinance borrowing increased to Rs 2.74 arba in Q4 from Rs 2.07 arba in corresponding quarter. Likewise, loan and advance also increases to Rs 2.61 crore in the Q4 up from Rs 2.04 crore of the cores ponding quarter.
Its net interest income has risen to Rs 9.08 crore in Q4 up from Rs 7.08 crore of the corresponding quarter of the last fiscal year .
First Microfinance has a paid up capital of Rs 23 crore with reserve of Rs 7.85 crore.
FMDBL non-performing loan remains zero.
FMDBL‘s annualized EPS remains at Rs 23.67, P/E ratio at Rs 84.45 and Net Worth per Share at Rs 134.15.
The microfinance borrowing increased to Rs 2.74 arba in Q4 from Rs 2.07 arba in corresponding quarter. Likewise, loan and advance also increases to Rs 2.61 crore in the Q4 up from Rs 2.04 crore of the cores ponding quarter.
Its net interest income has risen to Rs 9.08 crore in Q4 up from Rs 7.08 crore of the corresponding quarter of the last fiscal year .
First Microfinance has a paid up capital of Rs 23 crore with reserve of Rs 7.85 crore.
FMDBL non-performing loan remains zero.
FMDBL‘s annualized EPS remains at Rs 23.67, P/E ratio at Rs 84.45 and Net Worth per Share at Rs 134.15.
