Chhimek Laghubitta published an outstanding Q1 report; net profit rises by 42.56% with EPS of Rs 75.46

Sun, Nov 10, 2019 6:13 AM on Financial Analysis, Latest, Stock Market,
Chhimek La...

Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has published unaudited financial report for the first quarter of FY 2076/77 today. It has stated that its net profit has increased by 42.56% to Rs 22.26 crore in first quarter of fiscal year 2076/77 from Rs 15.61 crore reported in the corresponding quarter of the previous fiscal year 2075/76.

Likewise, it extended loans of Rs 19.79 arba till Q1 with 14.40% growth. It has collected deposits of Rs 16.05 arba and borrowed Rs 4.55 arba till the first quarter. It has paid up capital of Rs 1.18 arba with reserve of Rs 1.86 arba.

Its net interest income has also increased by 25.81% to Rs 49.53 crore from Rs 39.37 crore in the corresponding quarter. Its operating profit has increased to Rs 34.24 crore in Q1, from Rs 24.15 crore in corresponding quarter.

The company annualized earnings per Share (EPS) stand at Rs 75.46 and non-performing loan (NPL) has slightly increased to 0.30% from 0.16%. The Net worth per share stands at Rs 257.86 and quarter end PE is 12.79 times as per the first quarter report.

Chhimek Laghubitta proposes 44.33% dividend; Bonus worth Rs 32 crore and cash dividend worth Rs 20.31 crore

Its FY 2075/76 dividend yet to be endorsed by AGM.

Click here for Q1 report:

Major Highlights: