The company earned a net profit of Rs 31.4 million in the review period compared to Rs 2.6 million of the corresponding period of the last FY.
Although the company hugely increase its net interest income, increase in impairment charge due to increase in non-performing loan pulled down its net profit.
In the review period, its net interest income increased by 129.24 percent, however, its net fee and commission income decreased by 52.16 percent. Moreover, its impairment charge increased to Rs 37.8 million resulting operating loss of Rs 36.5 million.
The company has reserve loss of Rs 159 million. During the period, its deposit and loans increased by 7.47 percent and 3.44 percent respectively.
In the review period, it logged LPS of Rs 16.96 and net worth per share of Rs 78.57.
