In the review period, the company earned Rs 196.9 million in net profit. The net profit decreased by 23.39 percent compared to Rs 257 million of the corresponding period of the previous FY.
Decrease in business as well as net fee and commission income pulled down its net profit during the review period.
In the period, its net interest income increased by 1.87 percent while its net fee and commission income declined by 40.82 percent.
Similarly, its total operating income decreased by 4.14 percent and operating profit by 23.42 percent. during the period, its its non-performing loans increased to 0.66 percent which increased its impairment charges to 116.5 million.
In the review period, it maintained distributable profit of Rs 177.1 million and has a distributable profit per share of Rs 15.44.
Along with its net profit, its EPS declined by Rs 9.49 to Rs 17.16. The company has P/E ratio of 41.91 times and net worth per share of Rs 137.86.
The company with Rs 1.14 billion in paid-up capital has reserve fund of Rs 434.6 million. During the period, its borrowing declined by 21.07 percent and loan extension by 26.33 percent.
