Chhimek Laghubitta profit rises by a staggering 177.24% in Q1; EPS stand at Rs 99.72

Chhimek Laghubitta Bikas Bank Limited (CBBL) has reported 177.24 % growth in net profit for the first quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the first quarter today, the microfinance has stated that its net profit rose to Rs 10.54 crore, up from Rs 3.80 crore reported in the corresponding quarter of the previous fiscal year 2071/72. The microfinance has mobilized deposits of Rs 5.26 arba in the 1st quarter compared to Rs 3.74 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 8.08 arba, up from Rs 5.59 arba.  It has borrowings of Rs 3.40 arba. Chhimek Laghubitta’s net interest income has slightly risen from Rs 13.87 crore in the corresponding quarter last year to Rs 25.08 crore in the first quarter of 2072/73. It posted an operating profit of Rs 16.45 crore and paid up capital remains at Rs 42.27 crore in Q1. CBBL's NPL has declined from 0.03 % in the corresponding quarter to  0.02% in Q1. Its Earning Per Share (EPS) now stands at Rs 99.72, net worth per share at Rs 208.52, and P/E ratio at 16.30 times. Click Here For Announcement