As per the company’s report, it has recorded fall of Rs 100 on its EPS in the review period compared to the corresponding period of the last FY.
The EPS which was Rs 106.81 in the review period of the last FY declined by rs 101.30 to Rs 5.51 in the review period of the current FY.
Decline in profit and increase in paid-up capital led to the huge fall in EPS.
In the review period, the company earned a net profit of Rs 43.6 million. The net profit decreased by 93.55 percent compared to Rs 676.4 million of the review period of the last FY.
Decrease in net interest income and increase in impairment charges can be attributed to the decrease in its net profit during the period.
During the period, the company logged 32.03 percent decrease in net interest income and 42.02 percent in net fee and commission income. Similarly, its total operating income declined by 29.67 percent and operating profit by 93.50 percent.
Meanwhile, it NPL increased to 5.88 percent from 1.86 percent which has increased its impairment charges to Rs 485.5 million.
By the third quarter, it has maintained distributable profit of Rs 678.8 million. The company logged P/E ratio of 233.21 times and net worth per share of Rs 258.58.
The company with paid-up capital of Rs 1.05 billion has reserve fund of Rs 1.67 billion. The company extended loans of Rs 19.54 billion by deposit collection and borrowing of Rs 8.47 billion.
