Corporate Development Bank reports fall in net profit till Q2 of 2076/77; Annualized EPS at Rs 15.03

Corporate Development Bank Limited (CORBL) has reported net profit of Rs.2.78 Crore for the second quarter of the fiscal year 2076/77. The development bank’s profit was Rs.7.10 Crore in the corresponding quarter of the FY 2075/76.

It earned Rs.1.91 Crore as net interest income which has decreased from Rs.2.49 Crore in the corresponding quarter of previous year.

The paid-up capital stands at Rs.37.05 Crore with reserves of Rs.22.54 Crore in the mentioned period. However, its retained earning is negative by Rs 11.24 crore. The non-performing loans of the company fell from 33.8%, posted in the corresponding quarter of the previous year, to 23.05% by the end of the second quarter.

Annualized earnings per share (EPS) stands at Rs.15.03 and Net worth per share stands at Rs.135.45. The PE Ratio stands at 16.15 times.

Second Quarter Report