As per the report, its net profit has declined in the review period compared to the corresponding period of the last FY.
During the period, the company earned Rs 1 million in net profit. The net profit declined by 85.09 percent compared to Rs 7.2 million of the last FY.
Decline in net interest income as well as increased in non-performing loan can be attributed to the decline in net profit.
During the period, the net interest income declined by 2.13 percent and net fee and commission income by 10.31 percent and other operating income by 1.47 percent.
In the mean time, its non-performing loan increased from 1.47 percent to 2.92 percent. As a result, the impairment charge of the company has reached Rs 6.3 million cutting down operating profit by 85.08 percent.
Along with net profit, its ESP declined to Rs 1.36 from Rs 10.11. during the period, the company maintained P/E ratio of 417.73 and net worth per share of Rs 139.74.
The company with Rs 319.8 million in paid-up capital has reserve fund of Rs 140.7 million. The company collected deposit and borrowed Rs 4.11 billion and extended loan of Rs 4.58 million.
