Financial Performance of Support Microfinance : Increase in Profit and Earnings Per Share

Support Microfinance Financial Institution Limited (SMB) has published its unaudited financial report up to the fourth quarter of the last fiscal year. According to the report, the net profit of the microfinance institution has increased significantly compared to the same period of the previous fiscal year.

Financial Highlights

Net Profit

The microfinance institution has earned a net profit of NPR 23.8 million up to the end of the last fiscal year, which is a 75.03% increase compared to the same period of the previous fiscal year. In the previous fiscal year, this profit was NPR 13.6 million.

Income and Profit

• Net Interest Income: Increased by 18.19%

• Other Operating Income: Increased by 81.94%

• Total Operating Income: Increased by 28.66%

• Operating Profit: Increased by 194.38%

Provision for Potential Risk

The provision for potential risk, which was NPR 3.5 million at the end of the previous fiscal year, has decreased to NPR 973,000 in the last fiscal year. This has had a positive impact on the bank's net profit and operating profit.

Earnings Per Share (EPS) and Net Worth Per Share

• Earnings Per Share (EPS): Increased by NPR 7.85 to reach NPR 22.16.

• Net Worth Per Share: NPR 149.55

Price Earnings Ratio

• Price Earnings Ratio (P/E Ratio): 83.95 times

Paid-Up Capital and Reserve Fund

• Paid-Up Capital: NPR 107.6 million

• Reserve Fund: NPR 53.3 million

Deposits and Loans

• Loans: NPR 1.26 billion

• Deposits: NPR 340 million

• Total Loan Investment: NPR 1.66 billion

Conclusion

The financial performance of Support Microfinance Financial Institution Limited has been outstanding. There has been a significant increase in net profit and earnings per share. The reduction in the provision for potential risk has positively impacted the bank's profit. The bank's financial position is strong, indicating the potential for even better performance in the future.