In the review period, the company earned net profit of Rs 32.6 million which is 161.42 percent growth compared to Rs 12.4 million of the corresponding period of the last FY.
Although the company logged small Increase in net interest income, decrease in impairment charges can be attributed to the increase in net profit during the period.
In the review period, its net interest income increased by 26.02 percent and net fee and commission income by 36.24 percent. similarly, its total operating profit increased by 10.60 percent.
By the period, its impairment charges reversed by Rs 19.7 million. In the review period, its bad debt declined to 2.91 percent.
Along with net profit, its EPS increased by Rs 10.99 to Rs 17.79. The company has net worth per share of Rs 139.92 and P/E ratio of 10.99. The company has distributable profit of Rs 37.2 million.
The company with Rs 367.1 million in paid-up capital has reserve fund of Rs 146.5 million. The company collected deposit and borrowed Rs 4.71 billion and extended loans of Rs 4.79 billion.
