Increase in net interest income and operating income as well as recovery of bad debt is attributed to an increase in net profit of the company during the period. During the period, the company collected deposit of Rs 913.2 million, borrowed Rs 1.65 billion and extended loan of Rs 2.52 billion.
In the review period, the company earned net interest income of Rs 103.5 million, a growth of Rs 52.1 million compared to the review period of the last FY. Similarly, the operating profit of the company increased by Rs 31.9 million to Rs 54 million compared to the last FY.
During the review period, the bad debt of the company increased by 0.71 percent compared to 1.48 percent. The company that recovered Rs 9.1 million has maintained provision for possible losses of Rs 19 million.
The company with Rs 128.7 million in paid-up capital has reserve fund of Rs 133.6 million.
The company maintained EPS of Rs 61.81 and net worth per share of Rs 203.79.