The company incurred net loss of Rs 44.7 million in the review period compared to Rs 37.9 million net profit of the corresponding period of the previous FY.
Decrease in net interest income as well as increase non-performing loans can be attributed to the occurrence of net loss during the period.
In the review period, its net interest income decreased by 32.29 percent, net fee and commission income by 31.26 percent and total operating income by 30.91 percent.
In the meantime, its NPL increased to 13.47 percent from 4.82 percent which raised its impairment charges to Rs 32.8 million which also resulted in declined operating loss Rs Rs 44.7 million.
The company with paid-up capital of Rs 229 million has reserve fund of Rs 57.9 million. During the period, its collected and borrowed Rs 3.31 billion and extended loan of Rs 3.26 billion.
In the review period, it logged EPS of Rs 26.06 and net worth per share of Rs 125.29.
