The company earned a net profit of Rs 3.8 million in the review period compared to Rs 12.5 million of the corresponding period of the previous FY. The net profit decreased by 69.46 percent during the period.
Decrease in net interest income while increase in employees’ expenses and other operating expenses pulled down its net profit during the period.
In the review period, its net interest income decreased by 7.64 percent and fee commission and discount by 17.87 percnet. Meanwhile, its total operating income decreased by 2.47 percent and operating profit by 67.25 percent.
The company increased its paid-up capital by 48.57 percent and reserve fund by 42.40 percent. During the period, its borrowing decreased by 0.55 percent while deposit and loans increased by 29.32 percent and 27.17 percent respectively.
In the review period, it logged EPS of Rs 5.88, P/E ratio of 161.9 times and net worth per share of Rs 141.53.
