The increased net profit of the company is attributed to the significant rise in its interest earning. In the review period, the company earned a net profit of Rs 11.6 million which was Rs 3.4 million in the corresponding period of the last FY.
Similarly, it earned an operating profit of Rs 3.1 million and has recovered a bad debt of Rs 2.2 million.
The company that has Rs 70 million in paid-up capital has reserve loss of Rs 9.8 million.
During the period, the company collected deposit of Rs 153.7 million, borrowed Rs 514.6 million and has extended loan of Rs 620 million. Meanwhile, its bad debt increase to 1.37 percent from earlier 0.16 percent.