Although the company increases net interest income significantly, increase in non-performing loan along with provision for possible losses kept its net profit under pressure.
In the review period, the net interest income of the company increased by 97.21 percent to Rs 187.9 million and its operating profit by 11.29 percent to Rs 50.7 million.
The non-performing loan of the company that was 0.51 percent during the previous FY rose to 1.44 percent in the last FY. Increase in non-performing also led to increase in its provision for possible losses to Rs 42 million from Rs 11.3 million of the previous FY.
The company with paid-up capital of Rs 263.4 million has reserve fund of Rs 70.2 billion.
During the period, the company collected deposit of Rs 885.7 million, borrowed Rs 1.42 billion and extended loan of Rs 2.51 billion.
The company has EPS of Rs 12.25, P/E ratio of 38.11 times and net worth per share of Rs 115.98.