As per the report, the company has logged loss during the period.
In the review period, the company incurred a net loss of Rs 74.9 million. In the corresponding period of the last FY, the company logged net profit of Rs 11.5 million.
Decline in net interest income and net fee and commission can be attributed to the occurrence of the net loss.
During the period, its net interest income decreased by 32.45 percent, net fee and commission income by 22.44 percent and total operating income by 31.11percent. Similarly, the company incurred net operating loss of Rs 75 million. The company logged distributable loss of Rs 72.7 million.
The company with Rs 721.4 million in paid-up capital has reserve fund of Rs 189 million. During the period, it collected deposit and borrowed Rs 4.31 billion and extended loan of Rs 5.09 billion.
