As per the report, the company has recorded decline in net profit during the period.
In the review period, the company recorded net profit of Rs 57.9 million which is 70.80 percent less compared to Rs 198.3 million of the corresponding period of the last FY.
Although, the company logged increase in net interest income, increase in bad debt consequently impairment charges pulled down its net profit.
During the period, the company raised its net interest income by 58.82 percent and net fee and commission income by 32.99 percent. similarly, its total operating income increased by 42.29 percent while operating profit declined by 70.81 percent. in the review period, its bad debt increased by 8.83 percent to 14.81 percent which pulled up its impairment charges to Rs 329.6 million.
The company maintained EPS of Rs 5.52, net worth per share of Rs 192.66 and P/E ratio of 118.86 times.
The company with Rs 1.39 billion in paid-up capital has reserve fund of Rs 1.29 billion. During the period, it collected deposit and borrowed Rs 17.44 billion and extended loan of Rs 20.18 billion.
