Chhimek Laghubitta reports 43% rise in net profit; EPS at Rs 70.91

Chhimek Laghubitta Bikas Bank Limited (CBBL) has registered a net profit growth of 43.36% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance , its net profit has increased to Rs 29.56 crore in second quarter, up from Rs 20.62 crore in the corresponding quarter of the previous fiscal year. CBBL’s net interest income has rose to Rs 63.95 crore in Q2 as compared to Rs. 49.26 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 83.40 crore with a reserve of Rs 67.39 crore. The microfinance company has borrowed Rs 3.84 arba in Q2. Likewise, it has extended loans and advances of Rs. 11.16 arba in Q2 whereas in the same period last year, the figure stood at Rs 8.62 arba. CBBL’s annualized Earnings per Share (EPS) have increased slightly to Rs 70.91 per share whereas its net worth stands at Rs. 180.81. It has a PE ratio of 16.08 times. The microfinance company’s 15^th AGM conducted on Poush 13, 2073 had endorsed a bonus share of 40% and a cash dividend of 12.70%.