As per the second quarter financial report of the company, the net profit of the company has decreased by Rs 10.3 million in the review period compared to Rs 18.1 million of the corresponding period of the last FY.
In the review period, the company raised its paid-up capital by 15 percent to Rs 162 million and has reserve fund of Rs 97 million.
In the review period, the company increased its deposit collection by 61.43 percent and loan extension by 21.59 percent. The company collected deposit of Rs 864.4 million, extended loan of Rs 2.45 billion and borrowed Rs 1.80 billion from BFIs during the period.
In the period, the company earned net interest income of Rs 89.5 million which increased by 10.33 percent compared to the last FY.
Similarly, the bad debt of the company increased to 2.89 percent from earlier 2.33 percent. In the review period, the provision for possible loss of the company increased by 52 percent to Rs 22.2 million.
Likewise, its cost of fund increased to 10.08 percent from 9.60 percent and its employee expenses also increase by 15.5 million.
The company has maintained EPS of Rs 12.74, P/E ratio of 90.16 times and net worth per share of Rs 159.88.