In the review period, the company earned net profit of Rs 611,000 million. The net profit declined by 98.84 percent compared to Rs 44.6 million of the corresponding period of the last FY.
Although the company raised tis net interest income, increase in impairment charges due to increase in bad debt pulled down its net profit during the period.
In the review period, its net interest income increased by 28.99 percent and other net fee and commission income by 16.55 percent. Similarly, its total operating income increased by 18.12 percent and operating profit by 98.74 percent.
However, its non-performing loan increased by 4.97 percent to 14.35 percent which raised its impairment charges to Rs 95.7 million.
The company maintained EPS of Rs 0.16, P/E ratio of 5509.75 times and net worth per share of Rs 137.74.
The company with Rs 497.4 million in paid-up capital has reserve fund of Rs 187.7 million. The company collected deposit of Rs 5.02 billion and extended loans of Rs 5.66 billion.
