As per the report, the company has raised both net profit and EPS in the review period compared to the corresponding period of the last FY.
In the review period, the company earned net profit of Rs 11.3 million. The net profit increased by 73.87 percent compared to Rs 6.5 million of the last FY.
Although the company logged minimum growth in net interest income, decrease in impairment charges helped to increase its net profit during the period.
In the review period, its net interest income increased by 4.46 percent while its net fee and commission income decreased by 23.68 percent.
Meanwhile, its non-performing loan decreased to 4.61 percent from 4.91 percent pulling down its impairment charges to Rs 1.7 million from earlier Rs 22.9 million. As a result, its net profit rose significantly while its operating profit also rose by 73.72 percent.
Along with its net profit, it EPS increased by Rs 2.02 from to Rs 4.75. It logged P/E ratio of 152.58 times and net worth per share of Rs 126.46.
The company has distributable profit of Rs 6.2 million.
The company with Rs 319.8 million in paid-up capital has reserve fund of Rs 150.4 million. In the review period, the company collected and borrowed deposit of Rs 4.15 billion and extended loans of Rs 4.09 billion.
