The company that issued IPO of Rs 18 million on the last September has made its negative reserve fund to positive; however, its net profit has decreased to Rs 600,000 from Rs 1.4 million.
After the IPO issuance, the paid-up capital has reached Rs 42 million. During the period, the company collected deposit of Rs 46.6 million and extended loans of Rs 354.5 million.
In the review period, the company earned interest income of Rs 26.8 million and spent Rs 16.2 million on interest expenses.
The company has bad debt of 1.53 and has maintained provision for possible loss of Rs 4.1 million.
Support has net worth per share of Rs 102.69, cost of fund of 11.45 percnet and capital fund of 17.10 percent.
