As per the report, its earned net profit of Rs 344.9 million which increased by 204.60 percent compared to Rs 113.2 million of the corresponding period of the previous FY.
Increase in net interest income and operating profit and decrease in impairment charges helped to increase in net profit.
During the period, its net interest income increased by 13.15 percent to Rs 616.9 million. Similarly, its operating income increases to Rs 502.1 million from Rs 161.5 million. In the review period, its reversed impairment charges of Rs 72.7 million. The company logged distributable profit of Rs 245.9 million.
The company maintained EPS of Rs 29.15 and net worth per share of Rs 154.72. Meanwhile, its recorded non-performing loans of 1.83%.
The company with Rs 1.18 billion in paid-up capital has reserve fund of Rs 762.5 million. The company collected deposit of Rs 19.99 billion and extended loans of Rs 16.87 billion.
