The company earned a net profit of Rs 37.2 million in the review period compared to Rs 55.5 million of the corresponding period of the previous FY. The net profit decreased by 32.96 percent during the period
Decrease in net interest income as well as increase in impairment charges pulled down its net profit during the period.
In the review period, its net interest income decreased by 2.78 percent, net fee and commission income by 47.15 percnet and total operating income by 16 percent.
In the meantime, its NPL increased to 4.96 percent from 1.19 percent which raised its impairment charges by 17.1 million which also resulted in declied operating profit by 23.96 percent.
The company with paid-up capital of Rs 259.9 milion has reserve fund of Rs 208.4 million. During the period, its collected and borrowed Rs 3.18 billion and extended loan of Rs 3.49 billion.
In the review period, it logged EPS of Rs 19.10, P/E ratio of 34.77 times and net worth per share of Rs 180.14.
