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First Microfinance’s net profit rises 73.63% 

. First Microfinance Laghubitta Bittiya Sanstha Limited has published its unrefined financial statements for the fourth quarter of the fiscal year 2082/083. According to the same financial report, the indicators including profit have increased compared to the previous fiscal year 2081-082.

The company has earned a net profit of Rs 19.07 crore in the previous fiscal year, up from Rs TAG_OPEN_div_14 10.98 crore in the previous fiscal. Based on this, the company’s net profit increased by 73.63 percent in a single fiscal year.

During the review period, the company’s net interest income increased by 7.47 percent to Rs 22.75 crore from Rs 21.17 crore, while total operating income increased by about 6 percent to Rs 22.94 crore from Rs 21.68 crore.TAG_OPEN_div_12 The company’s operating profit increased by 73 percent to Rs 27.27 crore from Rs 15.76 crore.

During the review period, the company’s distributable profit increased by 51 percent from Rs 90.3 million to Rs 13.62 crore.TAG_OPEN_div_10 Earnings per share (EPS) rose to Rs 14.18 from Rs 8.17 and bad loans declined to 2.88 per cent from 3.84 per cent. The base rate of the company has decreased from 7.58 percent to 6.48 percent and the net worth per share has increased to Rs 137.26.

The company has paid-up capital of Rs 1.34 billion and reserve fund of Rs 15.26 crore and reserve fund of Rs 34.84 crore.TAG_OPEN_div_8 The company has extended loans of Rs 4.65 billion and collected deposit of Rs 3.76 billion.

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