Century Commercial Bank registers massive rise of 102.63% in the net profit; EPS stands at Rs 10.42 as per the third quarter report
Tue, Apr 24, 2018 2:14 AM on Financial Analysis, Latest, Stock Market,
Century Commercial Bank Limited (CCBL) has posted a remarkable profit rise by 102.63 % in the third quarter of the fiscal year 2074/75. The commercial bank has earned a net profit of Rs 63 crore in Q3 compared to Rs 31.09 crore in the corresponding quarter of the previous fiscal year.
Century Commercial Bank has paid up capital of Rs 8.06 arba with Rs 1.21 arba in reserve.
Publishing the third quarter’s unaudited financial report today, the commercial bank stated that its net interest income inflated to Rs 1.22 arba in Q3 from Rs 77.10 crore in the corresponding quarter.
The operating profit of the bank stands at Rs 85.37 crore in Q3 up from Rs 47.10 crore in the corresponding quarter of the previous fiscal year.
The bank has deposit collection of Rs.52.73 arba in Q3, mounting from Rs.33.14 arba in the corresponding period last year. It disbursed loans and advances of Rs. 50.02 arba in Q3.The figure stood at Rs.30.06 arba in the corresponding quarter of last fiscal year.
Its non-performing loan increased to 0.76 percent from 0.53 percent in Q3.
CCBL’s earning per share (annualized) stands at Rs.10.42, net worth per share at Rs.115.04.
Major Highlights:
|
Particulars (In Rs '000) |
CCBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,063,435 |
3,689,000 |
118.58% |
|
Reserve & Surplus |
1,212,354 |
932,898 |
29.96% |
|
Deposits |
52,732,731 |
33,144,068 |
59.10% |
|
Borrowings |
1,228,453 |
- |
0.00% |
|
Loans & Advances |
50,027,928 |
30,068,653 |
66.38% |
|
Net Interest Income |
1,228,226 |
771,088 |
59.28% |
|
Provision for possible losses |
118,523 |
111,407 |
6.39% |
|
Operating Profit |
853,738 |
471,091 |
81.23% |
|
Net Profit |
630,050 |
310,940 |
102.63% |
|
NPL (%) |
0.76 |
0.53 |
43.40% |
|
Annualized EPS (In Rs.) |
10.42 |
11.24 |
-7.30% |
|
Net Worth per Share (In Rs.) |
115.04 |
125.29 |
-8.18% |
