The increase in net profit is attributed to 64.29 percent increase in net interest income and 194.43 percent increase in operating profit. The company earned Rs 164 million in net interest income and Rs 96.4 million in operating profit during the period.
The company also significantly increases its reserve fund. The reserve fund that was Rs 23.1 in previous FY has increased by 269.22 percent to Rs 85.4 million in the review period.
During the period, the company collected deposit of Rs 593.3 million and extended loan of Rs 2.93 billion. The company increased its deposit collection and loan extension by 92.48 percent and 98.51 percent respectively.
The company logged non-performing loan of 1.75 percent, EPS of Rs 25.35, net worth per share of Rs 130.83 and P/E ratio of 25.29 times.
Vijay Laghubitta that signed MoU with Sweda Laghubitta for acquisition on July 11 has paid-up capital of Rs 194.8 million that will reach Rs 210 million after the acquisition.
