Citizen Investment Trust reports huge increment in net profit in this quarter; Look at the major highlights
Tue, May 18, 2021 10:05 AM on Financial Analysis, Latest,
Citizen Investment Trust (CIT) has reported a net profit of Rs. 59.20 crores in the third quarter of the fiscal year 2077-2078. This is an increase of 56.04% compared to the corresponding quarter of the previous year.
As per the report published by the company, the paid-up capital stands at Rs. 3.00 Arba. Similarly, the company reported a reserve fund (Depositors Fund) of Rs. 13.26 arba.
The earnings per share stood at Rs. 26.31 whereas the net worth per share stood at Rs. 156. The company reported a Return on Investment of 8% which is a decline in this quarter.
(NOTE: The company recently issued 80% right share and unsold right share was auctioned which is how the company reported a share premium of Rs. 1.26 Arba in its book)
Major Highlights:
|
Particulars ('000) |
Citizen Investment Trust |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
3,000,000 |
1,344,835 |
123.08% |
|
Share Premium |
1,264878 |
0 |
- |
|
Calls in Advance |
0 |
165,500 |
-100.00% |
|
Reserve Fund (Depositers Fund) |
13,264,034 |
7,246,800 |
83.03% |
|
Insurance Fund Liability |
2,581,202 |
2,246,500 |
14.90% |
|
Total Investment |
162,420,987 |
142,250,800 |
14.18% |
|
Total Income |
995,921 |
708,500 |
40.57% |
|
Administrative Expenses |
137,825 |
150,100 |
-8.18% |
|
Net Profit |
592,009 |
379,400 |
56.04% |
|
Return on Investment (%) |
8.00% |
9.33% |
- |
|
Fund to Investment Ratio (%) |
95.54% |
99.10% |
- |
|
Cost of Fund (%) |
6.94% |
7.53% |
- |
|
Earnings per share (Rs.) |
26.31 |
37.62 |
- |
|
Net worth per share (Rs.) |
156.00 |
208.00 |
- |
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