In the review period, the company earned net profit of Rs 63.8 million compared to net loss of Rs 52.9 million of the corresponding period of the previous FY.
Increase in net interest income and reversed impairment charges helped the company to record profit during the period.
In the review period, its net interest income increased by 61.83 percent and net fee and commission income by 42.25 percent. Similarly, the company logged operating profit of Rs 68.8 million compared to Rs 53.2 million net loss of the previous FY. moreover, the company reversed Rs 30.5 million impairment charges.
The company maintained EPS of Rs 8.85 and net worth per share of Rs 140.61. The company earned distributable profit of Rs 47.5 million.
The company with Rs 721.4 million in paid-up capital has reserve fund of Rs 292.9 million. The company borrowed and collected deposit of Rs 5.90 billion and extended loans of Rs 6.75 billion.
