Janata Bank Q1 financials- Profit rises by 13.97% with EPS of Rs 18.34; company to be merged with Global IME Bank soon
Mon, Nov 11, 2019 6:56 AM on Financial Analysis, Stock Market, Latest,
Janata Bank Nepal Limited (JBNL) has published its first quarter report for the FY 2076/77 with healthy rise in net profit by 13.97%.
The bank’s profit has increased from Rs 32.19 crore in the first quarter of the fiscal year 2075/76 to Rs 36.69 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 18.53 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 3.05% to Rs 75.03 arba and loans and advances to customers also increased by 2.62% to Rs 68.59 arba in the first quarter. The net interest income of the bank has increased by 25.47% to Rs 99.75 crore from Rs 79.50 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 8 arba with Rs 3 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has slightly decreased to 1.33% from 1.54%.
In the first quarter, the annualized EPS of the bank stands at Rs 18.34. The net worth per share stands at Rs 137.50 and qtr end PE ratio stands at 11.67 times (Price is of July 4).
Janata Bank Limited share trading in NEPSE is kept on halt due to ongoing merger with Global IME Bank Limited since July 5, 2019.
Janata Bank Nepal Limited has proposed 6% bonus shares and 6% cash dividend to its shareholders for last fiscal year 2075/76 and its 10th AGM is schedule on Mangsir 2.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.
