First Microfinance stood 1st in publishing FY 71/72 Q4 report; profit rises by 41.28%

ShareSansar, July 19:

First Microfinance Development Bank Limited (FMDBL) has become the first among the listed companies to publish its unaudited financial report for the fourth  quarter of the last fiscal year 2071/72.  The company has a profit growth of 41.28% in the fourth quarter (Q4).

As per the unaudited report published on Shrawan, 2, 2072, the bank has stated that its net profit rose to Rs 3.66 crore, up from Rs 2.59 crore in the corresponding quarter previous fiscal year.

The microfinance borrowing has increased from Rs 1.43 arba in the corresponding quarter of the previous year to Rs 2.07 arba in the fourth quarter of the fiscal year 2071/2072.

Its net interest income has also surged to Rs 7.16 crore in the Q4 up from Rs 4.64 crore compared to the corresponding quarter of the last fiscal year.

First Microfinance paid up capital have also increased to Rs 20 crore in this quarter up from Rs 10 crore in previous FY report.

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