As per the report, the company logged increase in profit compared to the corresponding period of the previous FY.
In the last FY, the company earned net profit of Rs 146.6 million. The net profit increased by 36.47 percent compared to Rs 107.4 million of the review period of the previous FY.
Although the company recorded decline in net interest income and net fee and commission income, reverse in impairment charges raised its net profit.
During the period, the company’s net interest income declined by 15.22 percent and net fee and commission income by 47.94 percent. similarly, its total operating income declined by 17.06 percent and operating profit by 35.12 percent. meanwhile, the company reversed Rs 6.5 million impairment charges in the last FY which helped to increase its operating profit and net profit.
Along with net profit, its EPS increased by Rs 3.17 to Rs 15.53. the company logged P/E ratio of 44.56 times and net worth per share of Rs 124.50.
The company has distributable profit of Rs 67.6 million.
During the period, the company raised its paid-up capital by 8.60 percent to Rs 944.3 million. It raised reserve fund by 15.47 percent. in the review period, the company borrowed Rs 5.35 billion and extended loans of Rs 6.27 billion.
