After the acquisition of Synergy Finance, most of the financial indicators of the company have improved. Deposit collection and loan extension of the company has also improved compared to the last FY. Similarly, bad debt recovery and net interest-earning have also increased in the review period.
However, the net profit of the company has decreased by 82.82 percent compared to the review period of the last FY. Increase in staff expenses, other operating expenses as well as provision for possible losses has pulled its net profit down during the period.
In the review period, the company logged net profit of Rs 4 million which was Rs 23.5 million in the review period of the last FY. The company that has paid-up capital of Rs 810 million has reserve loss of Rs 192.5 million.
The company collected deposit of Rs 2.28 billion and extended loan of Rs 1.99 billion. It has maintained EPS of Rs 0.5, net worth per share of Rs 76.23, P/E ratio of 214.56 times, cost of fund of 10.27 percent and CD ratio of 71.78 percent.
