As per the report, the company’s net profit has increased significantly compared to the corresponding period of the last FY.
During the period, the company earned a net profit of Rs 13.4 million. The net profit increaseed by 1143 percent compared to Rs 1 million of the review period of the last FY.
Increase in net interest income and decline in impairment charges can be attributed to the increase in net profit.
During the period, the company raised its net interest income by 30.29 percent while net fee and commission income declined by 8.34 percent.
Similarly, its total operating income increased by 17.77 percent and operating profit by 1,142.53 percent. Meanwhile, its impairment charges declined to Rs 1.1 million from Rs 6.3 million which helped to boost its operating and net profit.
In the review period, the company maintained EPS of Rs 16.88, net worth per share of Rs 122.31 and P/E ratio of 56.33 times.
The company with Rs 319.8 million in paid-up capital have reserve fund of Rs 158.9 million. The company collected deposit of Rs 4.46 billion and lend Rs 4.28 billion to borrowers.
