Increase in the non-performing loan has prompted the company to allocate Rs 17.9 million in provision for possible losses which has dragged its operating profit down to Rs 1.4 million.
Samata has earned a net profit of Rs 2.8 million in the review period compared to Rs 2 million of the corresponding period of the last FY.
In the review period, the company collected a deposit of Rs 560.6 million, borrowed Rs 803.6 million and extended loan of Rs 1.42 billion. During the period, the company earned net interest income of Rs 23.3 million.
The bank with Rs 60.6 million in paid-up capital has increased its reserve fund by 236 percent to Rs 80.3 million.
During the period, the company has maintained EPS of Rs 18.70 which might decline after the ongoing 200 percent right shares. the company has net worth per share of Rs 186.21.
