Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) published the third-quarter report of FY 2078/2079 with an increase in Net Profit by 96.13%. As per the report published by the company, the net profit increased to Rs. 70.91 crores as compared to Rs. 36.15 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 15.95% to Rs. 10.14 Arba which was Rs. 8.75 Arba in the corresponding quarter of the previous year. At the same time, deposits increased by 19.15% to Rs 7.68 arba.
The company’s loans and advances have also increased by 30.80% to 20.05 Arba till this quarter.
The net interest income (core revenue) has increased by 30.29% to Rs. 1.11 Arba…
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