As per the report, the bank has managed to increase both its net profit and EPS during the period.
In the review period, the bank earned net profit of Rs 119.5 million. The net profit increased by 187.58 percent compared to Rs 41.5 million of the last FY.
Although the company logged decline in net interest income, decline in impairment charges helped to pulled up the net profit.
During the period, its net interest income declined by 6.01 percent and total operating income by 1.17 percent.
Similarly, its impairment charges declined by 62.88 percent which raised operating profit by 203.33 percent.
In the review period, it logged distributable profit of Rs 25.6 million with distributable profit per share of Rs 3.14.
Alogn with its net profit its EPS increased by Rs 9.50 to Rs 14.57. it has P/E ratio of 20.51 times and net worth per share of Rs 147.18.
During the period, its reserve fund increased by 6.20 percent, deposit by 2.55 percent and loans and borrowing by 0.77 percent.
