The company increased its net profit by 267.03 percent to Rs 105.8 million in the fourth quarter of the last FY compared to the corresponding period of the previous FY.
Although the company has operating losses, the recovery of huge bad debt helped it to increased its net profit.
In the review period, the net interest income of the company increased by 210.91 percent. However, it has an operating loss of Rs 389.6 million. During the period, it has allocated Rs 579 million in provision for possible losses and has recovered Rs 566 million in bad debt.
In the review period, the company raised its paid-up capital by 89.44 percent and reserve fund by 264.78 percent. Its borrowing increased by 160.96 percent, deposits by 127.30 percent and loan extensions by 163.33 percent.
The company logged EPS of Rs 41.51, net worth per share of Rs 162.67 and P/E ratio of 44.93 times. In the mean times, its non-performing loans increased from 1.14 percent to 3.8 percent.
