The decrease in net profit is due to increase in its non-performing loans by 8.5 percent. along with it, its operating profit has also decreased during the period.
In the last FY, the company earned a net interest income of Rs 96.3 million compared to Rs 65.8 million of the previous FY. Similarly, its operating profit decreased to Rs 23 million from 25.6 million.
In the last FY, the company collected deposit of Rs 271.1 million, borrowed Rs 402.3 million and extended loan of Rs 1.30 billion.
The company with Rs 178 million in paid-up capital has reserve fund of Rs 35.2 million. The company logged non-performing loan of 2.56 percent, EPS of Rs 12.26, net worth per share of Rs 173.47 and P/E ratio of 62.58 times.
