As per the report, the company raised its net profit during the period. In the review period, the company earned a net profit of Rs 112.1 million. The net profit increased by 30.34 percent compared to Rs 86 milion of the corresponding period of the last FY.
Although the company logged decline in net interest income, reverse of impariment charge helped to raise its net profit.
During the period, the company's net interest income declined by 13.48 percent and net fee and commission income by 48.03 percent. Similalry, its total operating income declined by 16.03 percent and operating profit increased by 30.30 percent. Meanwhile, the company reversed its impairment charge to Rs 5.5 million from previously Rs 73.7 million. The company logged distributable profit of Rs 86.1 million.
By the period, the company logged EPS of Rs 15.83, P/E ratio of 38.01 times and net worth per share of Rs 124.69.
The company with Rs 944.3 million in paid-up capital has reserve fund of Rs 233.1 million. The company borrowed Rs 5.65 billion and extended loans of Rs 6.59 billion during the period.
