Kathmandu. First Microfinance microfinance financial institution has earned 87 percent more profit. According to the financial statement of the fourth quarter of the last financial year released by the organization, microfinance has made 87.84 percent more profit than the previous year.

The organization that earned a profit equal to 140.31 million rupees in the previous year has earned a profit of 26.88 million rupees last year.

During the period under review, the net interest income of the organization has also increased to Rs 42 crore 72 lakh. In the previous year, such income of the organization was 265.6 million rupees. Likewise, the operating profit has also increased from 203.6 million rupees to 388.4 million rupees.

At present, the paid-up capital of the organization is 964 million rupees and 214 million rupees are accumulated in the reserve fund. Which is 10 and 37 percent higher than the first quarter of the previous year respectively.

With the increase in net profit, the earnings per share of the organization is 27.88 rupees. The income which was 16.33 percent in the previous year has increased by 70.73 percent during this period. The net worth per share is Rs 145.69 and the price earnings ratio is 23.28 percent and the value of total assets per share is Rs 1136.25.