The increase in net profit can be attributed to increased net interest income and operating profit. In the review period, the company increased its net interest income by Rs 51.4 million to Rs 110.8 million. Similarly, the operating profit of the company increased by Rs 21 million to Rs 42.5 million compared to the last FY.
The company with Rs 787.1 million in paid-up capital has reserve fund of Rs 99.6 million. The company logged EPS of Rs 7.73, net worth per share of Rs 119.73 and P/E ratio of 17.86 times.
In the period, the company collected deposit of Rs 2.76 billion and extended loans of Rs 2.65 billion. The bank has distributable profit of Rs 20.4 million.
