In the review period, the bank earned net profit of Rs 2.11 billion. As per the report published by the bank today, the bank earned net profit of Rs 4.6 million in the corresponding period of the previous FY which shows growth of 45,829 percent. However, according to the fourth quarter financial report of previous FY published by the bank last year, it earned net profit of Rs 2.30 billion.
The discrepancy in net profit is due to change in impairment charges mentioned respective financial reports. The fourth quarter report of last FY published today shows impairment charges of Rs 6.84 billion, however, the report published last year shows impairment charges of Rs 3.56 billion.
Similarly, the bank’s EPS also increased by Rs 0.02 to Rs 8.07. Meanwhile, the EPS was Rs 8.80 as per the report published last year.
In compare to the published net profit and EPS of the last FY, both profit and EPS has declined.
