As per the report, it’s net profit and EPS both declined during the period compared to the corresponding period of previous FY.
During the period, it earned Rs 38.6 million in net profit compared to Rs 167.2 million of the previous FY. The net profit decreased by 76.87 percent during the period.
Although the net interest income of the company increased, increased in impairment charges pulled down its net profit.
During the period, its net interest income increased by 3.37 percent and net fee and commission income by 10.99 percent. Similarly, its total operating income increased by 15.94 percent and operating profit by 73.34 percent.
In the review period, its non-performing loans increased to 3.3 percent which raised its impairment charge to Rs 13.1 million.
The finance logged distributable profit of Rs 208.4 million.
Along with its net profit, its EPS increased by Rs 15.65 to Rs 4.52. Similarly, it has P/E ratio of 78.03 times and net worth per share of Rs 139.71.
The bank with Rs 854.8 million in paid-up capital has reserve fund of Rs 339.4 million. The bank raised its deposit by 15.71 percent and loan extension by 12.33 percent.
