Growth of 48% in the Net Profit of Mega Bank; EPS fall by 13%
Wed, Aug 15, 2018 7:26 AM on Financial Analysis, Latest, Stock Market,
Mega Bank has posted its fourth quarter reports as per the Nepal Financial Reporting Standards (NFRS). Compared to the report of previous year, we can see a growth of 124.46% in the paid up capital of the bank and 68.78% growth in the reserve and surplus.
The bank has an increase of 48% in the net profit which is a remarkable growth compare to its competitors. It has grown from Rs.79.83 Crore to Rs. 118.15 Crore at the end of the fourth quarter.
A decrease of almost 40% can be seen in the Non-Performing Loans of the bank while the amount of lending has increased by more than 62%.
The bank has also reported a fall in the EPS by 13.02% and in the Net Worth per Share by 5.85%.
Some of the major highlights of the fourth quarter report posted by the bank are as follows:
|
Particulars (In Rs '000) |
Mega Bank Limited |
||
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
10,285,527 |
4,582,313 |
124.46% |
|
Reserve & Surplus |
2,828,187 |
1,675,669 |
68.78% |
|
Deposits |
62,964,545 |
38,936,865 |
61.71% |
|
Borrowings |
1,582,398 |
0 |
- |
|
Loans & Advances |
57,750,899 |
35,486,492 |
62.74% |
|
Net Interest Income |
2,373,853 |
1,716,174 |
38.32% |
|
Operating Profit |
1,716,059 |
1,130,259 |
51.83% |
|
Net Profit |
1,181,572 |
798,361 |
48.00% |
|
Total Comprehensive Income after Share of NCI |
1,267,526 |
806,492 |
57.17% |
|
Add/ Less: Regulatory adjustment as per NRB |
-134,892 |
-5,355 |
2418.99% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,046,680 |
793,006 |
31.99% |
|
NPL |
0.82 |
1.36 |
-39.71% |
|
Annualized EPS (In Rs.) |
16.16 |
18.58 |
-13.02% |
|
Net Worth per Share (In Rs.) |
120.48 |
127.97 |
-5.85% |
Note: Net Worth per Share is as per the NRB Directive, whereas all the other figures are as per NFRS.
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