Jhimruk announces 16.9% stock dividend, earns Rs 9 lakh in Q1
Mon, Nov 17, 2014 12:00 AM on Financial Analysis,
ShareSansar, November 17:
The 68th BOD meeting of Jhimruk Bikas Bank Limited (JHBL) has proposed to distribute 16.9% stock dividend and 0.845% cash dividend (for bonus share tax purpose) to its shareholders which is subject to approval from NRB and its upcoming AGM.
Publishing the unaudited financial quarterly report today, Jhimruk Bikas Bank Limited stated that it’s earned Rs 9.82 lakhs during the first quarter of the fiscal year 2071/72.
Net interest income of the bank increased to Rs 44.66 lakh, up from Rs 31.63 lakh in the previous year which shows that the bank has been able to increase its business this quarter.
The bank has collected Rs 45.51 crore in deposits and extended a total loan of Rs 37.14 crore in this fiscal year. The company has provisioned Rs 14.46 lakh for the possible losses.
There is a drastic decrease in the Non-performing loan (NPL) of the bank. It comes down to 1.79 percent from 3.85 percent in the previous year.
Jhimruk Bank annualized EPS is at Rs 2.37, while its P/E ratio stands at 128.69 times and its net worth per share at Rs 130.07.
