Deva Bikas Bank posts net profit of Rs 18.77 crore with paid-up capital of Rs 3.17 arba; Net worth per share of Rs 131.07
Wed, Feb 12, 2020 3:20 PM on Financial Analysis, Latest, Stock Market,
Deva Bikas Bank Limited (DBBL) has reported a decrease of 3.5% in the net profit in the second quarter of the current FY 2076/77.
According to the unaudited financial report published by the National level development bank, its net profit has fallen down to Rs.18.77 Crore in the second quarter, from Rs.19.45 Crore in the corresponding quarter of the last fiscal year 2075/76.
DBBL’s net interest income has risen to Rs.56.46 Crore in the second quarter as compared to Rs.46.43 Crore in the corresponding quarter. Its deposits collection reached Rs.22.42 Arba in Q2 from Rs.21.78 Arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs.21.25 Arba in Q2 whereas in the same period last year, the figure stood at Rs.20.07 Arba.
Annualized earnings per share (EPS) of DBBL stands at Rs.11.82. The net worth per share stands at Rs.131.07 and PE ratio was posted at 12.10 times.
Its paid-up capital and reserves remain at Rs.3.17 Arba and Rs.58.80 Crore respectively.
Nepal Stock Exchange (NEPSE) has halted the trading of Deva Bikas Bank (DBBL) from Magh 02, 2076 after signing an agreement with Kumari Bank (KBL) for acquisition.
