First Microfinance profit rises 62.44%

ShareSansar, Aug 1:

First Microfinance Development Bank has reported 62.44% rise in net profit for the FY 2069/70. The bank earned a profit of Rs 1.71 crore as against Rs 1.05 crore in the previous fiscal.

In an unaudited financial report published on Thursday, the bank makes no mention of the deposits.

Meanwhile, First Microfinance has extended loans and advances worth Rs 75.85 crore, a whopping 88.61% rise compared to Rs 40.21 crore in the last fiscal.


The finance company's EPS stands at Rs 17.15 and its net worth at Rs 123.19. 

Q4 report: CLICK HERE