In the review period, the company earned a net profit of Rs 123.8 million compared to Rs 13 million of the review period of the last FY. The net profit decreased by 846.30 percent during the period.
Although the company logged increase in net interest income minimally, decrease in impairment charge can be attributed to the increase in the net profit.
During the period, the company logged 15.55 percent increase in net interest income and net fee and commission income by 16.34 percent. Similarly, its total operating income increased by 15.67 percent while operating profit increased by 1186.92 percent.
In the review period, its impairment charges has decreased to Rs 38.8 million from Rs 134.9 million. The bad debt of the company meanwhile declined to 1.49 percent.
The company has distributable profit of Rs 69.7 million.
The company logged EPS of Rs 12.51, net worth per share of Rs 153.72 and P/E ratio of 49.32 times.
The company with Rs 1.32 billion in paid-up capital has reserve fund of Rs 709.1 million. The company collected Rs 11.69 billion in deposits and extended loans of Rs 13.99 billion.
