The net profit increased due to a huge increase in net interest income and recovery of bad debt.
In the review period, the company increased its net interest income by 89.19 percent. Similarly, the company earned an operating profit of Rs 7.2 million.
In the review period, the company increased its reserve fund by 21.03 percent. It collected a deposit of Rs 1.20 billion, borrowed Rs 1.41 billion and extended loan of Rs 2.99 billion during the period.
Along with net profit, its EPS has also increased by Rs 21.73. However, its non-performing loan increased by 1.68 percent to 4.74 percent.
