As per the report, its net profit has increased significantly during the period.
In the review period, the company earned net profit of Rs 61.2 million which is 365.85 percent growth compared to Rs 13.1 million of the corresponding period of last FY.
Although the company raised its net interest income minimally, decrease in impairment charges pulled up its net profit.
During the period, its net interest income increased by 25.90 percent and net fee and commission by 21 percent. Similarly, its total operating income increased by 20.97 percent.
Meanwhile, its non-performing loans increased to 4.10 percent from 3.77 percent. However, its impairment charges declined to Rs 0.73 million from previously Rs 25.8 million.
The company logged distributable profit of Rs 21.9 million.
In the review period, the company maintained EPS of Rs 21.35, net worth per share of Rs 148.08 and P/E ratio of 34.42 times.
The company has paid-up capital of Rs 382.2 million and reserve fund of Rs 183.7 million. The company has collected deposit of Rs 5.08 billion and extended loan of Rs 5.53 billion.
