As per the report, the company has recorded significant increase in net profit during the period.
In the review period, the company earned net profit of Rs 77.36 million. The net profit increased by 1942.82 percent compared to Rs 3.7 million of the corresponding period of the last FY.
Increase in net interest income and reversal of impairment charges pulled up its net profit during the period.
During the period, the company increased its net interest income by 148.38 percent to Rs 156.87 million from Rs 63.158 million. Similarly, it earned Rs 18.239 million from net fee and commission income and total operating income of Rs 175.111 million.
In the review period, it reversed impairment charges of Rs 12.903 million which rose its net operating profit to Rs 188.01 million from Rs 67 million of the review period of the last FY.
The company earned distributable profit of Rs 9.06 million and has distributable profit per share of Rs 3.63.
The company maintained annualized EPS of Rs 55.40, net worth per share of Rs 149.39 and P/E ratio of 15.09 times.
The company with Rs 250 million in paid-up capital has reserve fund of Rs 114.409 million. The company extended loans of Rs 3.541 billion by deposit collection of Rs 353.96 million and borrowing of Rs 2.82 billion.
