In the first quarter, the company earned a net profit of Rs 7.7 million compared to Rs 7.5 million of the corresponding period of the last FY.
In the review period, the staff expenses of the company increased by Rs 12.4 million to Rs 20.2 million compared to Rs 7.7 million of the last FY. Similarly, its other operating expenses also rose to Rs 8.1 million from earlier Rs 1.9 million.
Increase in its bad debt ratio from 0.90 percent to 1.96 percent has prompted it to maintain provision for possible loss at Rs 8.8 million.
In the review period, the company raised its paid-up capital to Rs 194.8 million from Rs 140 million. The company has maintained reserve fund of Rs 30.8 million.
During the period, it has EPS of Rs 15.84 and net worth per share of Rs 115.83. The company collected deposit of Rs 362.9 million, borrowed Rs 1.30 billion and extended loan of Rs 1.78 billion.
