As per the report, the company has recorded net profit of Rs 22.4 million in the review period compared to loss of Rs 5.4 million of the corresponding period of the last FY.
Increase in net interest income as well as recovery of bad debt helped the company to record profit during the period.
In the review period, its net interest income increased by 67.11 percent, other operating income by 44.92 percent and total operating income by 60.71 percent. meanwhile, its bad debt declined to 2.69 percent from 6.89 percent. during the period, the company recovered rs 5.9 million bad debt.
The company logged EPS of Rs 29.56 and net worth per share of Rs 143.23 and P/E ratio of 79.17 times.
The company with Rs 101.4 million in paid-up capital reserve fund of Rs 43.8 million. The company collected deposit of Rs 302.9 million, borrowed Rs 1.17 billion and extended loans of Rs 1.64 billion during the period.
