As per the report, the company has raised its net profit and EPS significantly in the review period compared to the corresponding period of the last FY.
In the review period, the company earned net profit of Rs 116.5 million the net profit increased by 167.16 percent compared to Rs 43.6 million of the last FY.
Although the company logged minimum growth in net interest income, decrease in impairment charges and expenses pulled up its net profit during the period.
In the review period, its net interest income increased by 6.16 percent while its net fee and commission income increased by 7.39 percent. similarly, its total operating income increased by 4.05 percent and operating profit by 180.03 percent.
Meanwhile, its non-performing loan increased to 8.26 percent from 5.88 percent. However, its impairment charge declined to Rs 421.5 million from 485.5 million.
The company has distributable profit of Rs 116.5 million.
Along with its net profit, it EPS increased to Rs 14.72 from previously Rs 9.21. It logged P/E ratio of 76 times and net worth per share of Rs 269.34.
The company with Rs 1.05 billion in paid-up capital has reserve fund of Rs 1.78 billion. In the review period, the company collected and borrowed deposit of Rs 8.78 billion and extended loans of Rs 19.82 billion.
