As per the report, the company's net profit has declined significantly in the review period compared to the corresponding period of the last FY.
The company earned a net profit of Rs 1.3 million in the review period compared to Rs 10.3 million in the corresponding period of the previous FY. The net profit declined by 87.25 percent.
Although the company raised its net interest income, an increase in impairment charges pulled down its net profit.
In the review period, its net interest income increased by 13.28 percent and net fee and commission income by 57.89 percent. Similarly, its total operating income increased by 18.50 percent and operating profit declined by 82.23 percent. During the period, the company incurred impairment charges of Rs 16.6 million.
Along with its net profit, its EPS declined by Rs 0.24. It has a net worth per share of Rs 134.83 and a P/E ratio of 1682.45 times.
The company with Rs 729.4 million in paid-up capital has a reserve fund of Rs 254 million. The company collected deposits of Rs 2.24 billion and extended loans of Rs 1.73 billion.
