Hamro Bikas profit decline by 18% in Q1, starts distributing 20% cash div. from today
Mon, Nov 10, 2014 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, November 10:
Publishing the unaudited financial quarterly report today, Hamro Bikas Bank stated that it’s earned Rs 20.62 lakh in Q1, up from Rs 25.11 lakh in the corresponding period which is decline of 18 percent.
Net interest income of the bank increased to Rs 76.99 lakh, up from Rs 58.81 lakh in the previous year.
The bank mobilized Rs. 56.70 crore in deposit and extended a total of Rs 39.91 crore on loan upto Q1. It had mobilized Rs 40.44 crore in deposit and Rs 32.06 crore in loan in the previous fiscal year.
It also provisioned Rs. 23.61 lakh for the possible loss.
There is a rise in the Non-performing loan (NPL) of the bank. It stands at 0.66 percent up from zero percent in the previous year.
Banks annualized EPS is at Rs 13.73, while its P/E ratio stands at 28.78 times and its net worth per share at Rs 147.33.
The bank recently concluded its 6th annual general meeting and approved 20 percent cash dividend and 7 percent bonus share from the profit of FY 2070/71 from which banks starts to distribute 20 pc cash dividend to its shareholders from today (24th kartik 2071).
