Decrease in net interest income along with increase in employee expense and other operating expenses dragged down its net profit during the period.
In the review period, the company earned net interest income of Rs 1.7 million. Similarly, the company occured operating loss of Rs 8.7 million compared to operating profit of Rs 4.6 million of the last FY.
In the review period, the company earned net operating income of Rs 3.5 million, however, its employee expenses increased to Rs 3.5 million and other operating expenses to Rs 6.2 million.
The company with Rs 181.9 million in paid-up capital has reserve fund of Rs 229.8 million and share premium of Rs 1.3 million. The company has negative balance of Rs 322.8 million in its shareholders fund.
The company logged loss per share of Rs 9.66, net worth per share of Rs 49.63 and distributable profit of negative Rs 8.7 million.
