Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has posted fall in net profit by 0.92% in the second quarter of fiscal year 2074/75.
As per the published report, the microfinance company has reported decreased in net profit to 14.54 crore from 14.68 crore in the second quarter of last year. There is meager fall in net profit of 0.92 percent.
During the period, the microfinance has collected deposit of 2.77 arba & borrowings of 3.63 arba. It has floated in loan & advances of 6.49 arba in this Q2.
Net interest income also fall to 31.05 crore from 32.74 crore in the last year. But, operating profit increased by 9.41% to 22.85 crore from 20.89 crore in the last year.
Its paid up capital is 20 crore with reserves of 70.29 crore. After the distribution 50% bonus share, paid up capital will reached to 30 crore. Recently, it has announced 65% dividend which is 50% bonus & 15% cash dividend.
Non-performing loan (NPL) stands at 0.67 percent. Cost of fund is 10.38% & CCD ratio stands at 237.63%.
Annualized earning per share is 145.45 & net worth per share is 451.45.
Also Read: Q2 report of Sana Kisan Bikas bank posted hike in net profit by 8.5%.
