Citizen Investment Trust (CIT), one of the leading finance of Nepal has published its financial highlights for the FY 2073/74 today. Though it is categorized as finance sector by Nepal Rastra Bank under category “C”, if one goes with its performance and market price in NEPSE then all will be amazed with it.
As per the financial highlights published today, its net profit has increased by 10.06% in the FY 2073/74 to Rs 28.45 crore from Rs 25.85 crore in the FY 2072/73.
It has paid up capital of Rs 74.03 crore where total reserve surges by 16.70% to Rs 93.54 arba in the FY 2073/74 from Rs 80.15 arba in the FY 2072/73. Total reserve includes Nepal Police & Army Insurance Fund, Teacher Insurance Fund, etc.
CIT has announced 21.85% bonus shares to its shareholders from the profit of FY 2071/72. After bonus shares, paid up capital will reach Rs 90.20 crore.
CIT has made total investment of Rs 81.41 crore in various sectors. Total income inclined to Rs 57.88 from Rs 51.82 crore with rise of 11.69%.
Its return on investment (ROI) stands at 7.25% and Cost of fund at 5.94%
Its earning per share (EPS) stands at Rs 38 and net worth per share at Rs 202.
| Major Highlights: |
| Indicators (Rs in "00000") |
FY 2073/74 |
FY 2072/73 |
Growth (%) |
| Paid Up Capital |
7403 |
7,403 |
- |
| Total Reserve |
935,451 |
801,564 |
16.70 |
| Investments |
8,141 |
8,053 |
1.09 |
| Total Income |
5,788 |
5,182 |
11.69 |
| Net Profit |
2,845 |
2,585 |
10.06 |
| Return on Investment (ROI) |
7.25 |
5.28 |
37.31 |
| Cost of Fund (%) |
5.94 |
5.97 |
(0.50) |
| EPS (Annualized) |
38.00 |
35.00 |
8.57 |
| Net Worth Per Share |
202.00 |
164.00 |
23.17 |
