Kathmandu. Samata Domestic Microfinance Company has released the revised financial statements for the fourth quarter of the last fiscal year. Till the fourth quarter of the last fiscal year, the microfinance company earned a profit of Rs 84.99 million.

The company’s profit is 241 percent higher than the same period of the previous fiscal year. In the previous fiscal year, the company had posted a profit of Rs 24.93 million. During the review period, the net interest income of the microfinance company increased by 73.75 percent to Rs 337.79 million. In the previous fiscal year, the company had earned Rs 194.4million.

During this period, the net fee and commission income of the organization increased by 112.36 percent to Rs 43.535 million. In the previous fiscal year, the company’s net fee and commission was only Rs 20.5 million. Similarly, the total operating profit of the microfinance company increased by 74.61 percent to Rs 389.8 million during the period. In the previous year, the company’s income was Rs 223.2 million.

The company had posted an operating profit of Rs 148.56 million in the fourth quarter of the last fiscal year. This profit has increased by 237.94 percent compared to the previous fiscal year. In the previous fiscal year, the company had posted an operating profit of Rs 43.96 million. During the review period, the improvement charge of microfinance has come down from Rs 17 million to Rs 5 million.

Till the fourth quarter of the last fiscal year, the paid-up capital of the company has reached Rs 629 million. As of this period, the microfinance company has rs 222.4 million in its reserve fund. Similarly, the earnings per share of the last fiscal year has increased by Rs 9.9 compared to the same period of the previous fiscal year.

At the end of the previous fiscal year, the earnings per share of the microfinance company increased from Rs 4.42 to Rs 13.51 last year. As of Mid-July, the network per share of microfinance was Rs 135.37. The company’s price-to-income ratio is 70 times. During the period, the microfinance company collected deposits of Rs 4.97 billion and invested Rs 5.49 billion in loans.