The increase in the net profit of the company is attributed to huge boost in net interest earning. The company that earned Rs 68 million in net interest income in the review period of the last FY earned Rs 101.4 million this year.
During the period, the company doubled its paid-up capital by issuing 100 percent right shares to Rs 230 million while it also significantly raised its reserve fund by 431.79 percent to Rs 139.9 million from earlier Rs 26.3 million.
In the review period, the company collected deposit of Rs 809.4 million, borrowed Rs 1.84 billion and extended loan of Rs 2.72 billion.
The company has bad debt of 1.87 percent, EPS of RS 27.93, net worth per share of Rs 160.83 and P/E ratio of 22.12 times.
