Kathmandu. First Microfinance Microfinance Financial Institution Limited has published the revised financial statements for the fourth quarter of the last fiscal year. According to the details of the microfinance company, the net profit has decreased slightly compared to the same period of the previous fiscal year.

At the end of the last fiscal year, the microfinance company had earned a net profit of Rs 131.7 million. This is 6.34 percent less than the same period of the previous fiscal year. The company had posted a net profit of Rs 1.4 million in the same period of the previous fiscal year.

The net profit of the microfinance company has decreased due to the decrease in net interest income. During the review period, the net interest income of the microfinance company decreased by 31.81 percent, while the net fee and commission income decreased by 72.43 percent. Similarly, the total operating income of microfinance decreased by 34.11 percent and operating profit by 11 percent during the review period.

Along with the profit, the earnings per share of microfinance have also decreased. During the review period, the income of microfinance has decreased by Rs 1.60 to Rs 9.79. As of Mid-July, the net worth per share of the microfinance company was Rs 131.25 and the price-earnings ratio was 81.58 times. Similarly, the company’s distributable profit stood at Rs 107.8 million and its distributable earnings per share stood at Rs 8.2 million during the period.

With a paid-up capital of Rs 1.34 billion, the microfinance company has a reserve fund of Rs 420 million.