The company earned a net profit of Rs 152.4 million in the review period compared to Rs 201.6 million in the corresponding period of the previous FY. The net profit declined by 24.40 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 1.75 percent and total operating income increased by 1.54 percent. However, its non-performing loans increased to 4.97 percent from 3.89 percent. due to which its impairment charges increased to Rs 830 million from Rs 710 million resulting decline in net profit.
In the review period, it logged distributable loss of Rs 286.6 million.
Along with its net profit, its EPS declined by Rs 4.62. It has a net worth per share of Rs 134.20 and a P/E ratio of 63.59 times.
The company with Rs 4.39 billion in paid-up capital has a reserve fund of Rs 1.50 billion. The company collected deposits of Rs 63.42 billion and extended loans of Rs 50.73 billion.
