The company incurred net loss of Rs 12.1 million in the review period compared to Rs 10.2 million net profit of the corresponding period of the previous FY.
Decrease in net interest income and other operating income can be attributed to the occurrence of net loss during the period.
In the review period, its net interest income decreased by 18.23 percent and other operating income by 20.04 percent. Similarly, its total operating income by 18.99 percent.
Meanwhile, its NPL increased to 4.61 percent from 0.45 percent as a result, its provision for possible loss increased to Rs 92.1 million which is the reason for the occurance of operating loss of Rs 124.2 million.
The company with paid-up capital of Rs 250 million has reserve fund of Rs 21.9 million. During the period, its collected deposit of Rs 263.3 million, borrowed Rs 1.49 billion and extended loan of Rs 1.91 billion.
In the review period, it logged LPS of Rs 6.50.
