The company earned Rs 34.5 million in net profit this quarter compared to 28 million of the last FY.
Although the company logged decrease in net interest income and operating profit, right back pulled its net profit to the safe landing. In the review period, the company recovered Rs 196.7 million bad debt.
Similarly, its operating income has also decreased to Rs 25.3 million from earlier Rs 24.8 million. It incurred an operating loss of Rs 144.1 million.
The company with Rs 365.9 million in paid-up capital has reserve fund of Rs 129.1 million. During the period, it collected deposit of Rs 1.98 billion and extended loan of Rs 4.03 billion.
In the review period, the non-performing loan of the company increased significantly to 4.76 percent from 0.98 percent. as a result, it allocated Rs 160 million to provision for possible losses.
The company logged EPS of Rs 37.77, net worth per share of Rs 135.28 and P/E ratio of 22.24 times.