NMB Microfinance profit rises in the 3rd quarter

April 15, 2019 | Investopaper

NMB Microfinance has published the unaudited 3rd quarter report of F. Y. 2075/76.

The microfinance made the profit of Rs. 3.32 crores. This is 53% higher than the corresponding quarter of the previous year. Last year, the company’s profit stood at Rs. 2.18 crores in the 3rd quarter.

The microfinance has paid up capital of Rs. 16.20 crores, reserve & surplus of Rs. 11.99 crores. It has floated loans & advances of Rs. 2.79 arba till the 3rd quarter. The non-performing loans stand at 2.45 percent and the cost of fund is 9.81 percent as of 3rd quarter 2075/76. The Annualized Earnings per share (EPS) is 27.39 while net-worth per share is Rs. 174.06.

The microfinance had made a profit of Rs. 1.03 crores until the second quarter.


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