Deprosc Microfinance Institution has decreased its profit. According to the unaudited financial report of the current fiscal year, the profit of Deprosc Microfinance has decreased by 10.96 percent compared to last year.
According to the publicized details, the profit of Deprosc Microfinance in the first quarter of the current fiscal year was Rs 88.2 million. Whereas, in the same period of the previous fiscal year, Deprosc had earned Rs 91.3 million in net profit. The increase in impairment charges has put pressure on profit during this period.
During this period, the inactive loan of Deprosc has increased from 3.68 percent to 5.14 percent. Along with the increase in inactive loans, Deprosc has received a waiver of Rs 48.9 million in impairment charges.
During the review period, Deprosc’s own interest income has increased by 0.53 percent, while its own fees and commissions have increased by 19.53 percent. Similarly, the company’s other operations have also increased by 0.29 percent. Along with the profit, the earnings per share (EPS) of Deprosc have also decreased during this period. The company’s EPS has been limited to Rs 22.76 by decreasing Rs 11.51 paisa from Rs 34.27 paisa. As of Ashoj, the net worth per share of Deprosc Microfinance is Rs 221.16.
Deprosc Microfinance has saved Rs 1.8793 billion in its reserve fund, with a total capital of Rs 1.551 billion.