Century Commercial Bank published satisfactory Q2 financials; profit rises by 25.50% to Rs 65.02 crore; EPS stands at Rs 15.45
Wed, Feb 12, 2020 7:47 AM on Financial Analysis, Stock Market,
Century Commercial Bank Limited (CCBL) has published its second quarter report for the FY 2076/77 today with a satisfactory 25.50% rise in net profit. The bank’s profit has increased from Rs 51.81 crore in the second quarter of the fiscal year 2075/76 to Rs 65.02 crore in the second quarter of the fiscal year 2076/77.
In the same quarter, the bank has Rs 42.30 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by meager 1.61% (compared to immediate previous year ending) to Rs 61.24 arba and loans and advances to customers increased by 4.52% (compared to immediate previous year ending) to Rs 59.50 arba till the second quarter. The net interest income (core business income) of the bank has increased by 14.07% to Rs 1.52 arba from Rs 1.33 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.41 arba with Rs 2.27 arba as its reserve and surplus. The Non-performing loan stands at 1.67%.
In the second quarter, the annualized EPS of the bank stands at Rs 15.45. The net worth per share stands at Rs 127 and qtr end PE ratio stands at 11.52 times.
Century Bank proposes 6.75% dividend for its shareholders for FY 2075/76 which is yet to be approved by AGM and adjusted in published Q2 report.
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
|
Particulars (In Rs '000) |
Century Commercial Bank |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital* |
8,415,472 |
8,415,472 |
0.00% |
|
Share Premium* |
34,369 |
34,369 |
|
|
Retained Earnings* |
857,408 |
434,403 |
97.38% |
|
Reserves* |
1,380,141 |
1,150,948 |
19.91% |
|
Deposits from Customers* |
61,247,882 |
60,276,496 |
1.61% |
|
Loans & Advances to Customers* |
59,507,123 |
56,934,126 |
4.52% |
|
Net Interest Income |
1,527,861 |
1,339,359 |
14.07% |
|
Fee and Commission Income |
163,286 |
172,796 |
-5.50% |
|
Impairment Charge/(Reversal) |
53,359 |
153,016 |
- |
|
Personnel Expenses |
500,063 |
443,710 |
12.70% |
|
Operating Profit |
910,764 |
724,703 |
25.67% |
|
Profit/(Loss) for the Year |
650,287 |
518,168 |
25.50% |
|
Total Comprehensive Income |
652,199 |
517,304 |
26.08% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
423,005 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
14.74 |
14.69 |
0.34% |
|
NPL |
1.67 |
0.84 |
98.81% |
|
CCD (as per NRB Directives) |
79.03 |
78.64 |
0.50% |
|
Cost of Fund (%) |
7.86 |
8.89 |
-11.59% |
|
Base Rate (%) |
10.35 |
11.5 |
-10.00% |
|
Annualized EPS (In Rs.) |
15.45 |
12.31 |
25.50% |
|
Net Worth per Share (In Rs.) |
127.00 |
119.25 |
6.50% |
|
Qtr End PE Ratio (times) |
11.52 |
- |
- |
|
Qtr End Market Price* |
178 |
- |
- |
|
Price to Book (PB Ratio) |
1.40 |
- |
- |
.png)
