As per the report, the company raised its net profit during the period compared to the corresponding period of the last FY.
In the review period, the company earned net profit of Rs 30 million. The net profit increased by 41.51 percent compared to Rs 21.2 million of the review period of the last FY.
Increase in net interest income and recovery of few bad debt can be attributed to the increase in net profit.
During the period, its net interest income increased by 31.53 percent while its net fee and commission income increased by 18.03 percent. Similarly, its total operating income increased by 16.53 percent and operating profit by 44.29 percent. the company recovered bad debt of Rs 11.9 million during the period.
The company logged EPS of Rs 20.44, P/E ratio of 48.91 times and net worth per share of Rs 169.41.
The company with Rs 196 million in paid-up capital has reserve fund of Rs 136 million. During the period, it collected deposit of Rs 1.54 billion, borrowed Rs 979.5 million and extended loan of Rs 2.62 billion.
