Forward Community microfinance Bittiya Sanstha posted increased in net profit by 3.14% in the fourth quarter of this fiscal year 2074/75.
As per the published report, the microfinance has reported rose in net profit to Rs.28.10 crore in this Q4 from Rs.27.24 crore in the corresponding quarter of last fiscal year 2073/74.
It has borrowing of Rs. 3.80 arba & deposit of Rs. 3.21 arba. It had extended in loan & advances of Rs. 7.68 crore. Deposit increased by 34.55%.
Its net interest income declined to Rs 64.04 crore from Rs.69.17 crore in the last corresponding quarter. Operating profit increased to Rs.44.17 crore from Rs.40.65 crore in the comparing period. Operating profit increased by 8.62%.
Its paid up capital is Rs.30.01 crore with reserves fund of Rs.73.85 crore.
Its non performing loan stands at 0.39% from 0.29% from the last year. Cost of fund is Rs.9.99%.
Annualized earning per share is Rs.93.63. Net worth per share is Rs.346.03.
