Kumari Bank’s fourth quarter report shows decline in profit by 5.65%; EPS decreases to Rs 14.36 from Rs 18.27
Wed, Aug 15, 2018 3:06 AM on Financial Analysis, Latest, Stock Market,
Kumari Bank Limited (KBL) has reported decline in net profit in its fourth quarter report for the fiscal year 2074/75. As per the report published today, the net profit has declined by 5.65% as compared to the profit in the corresponding quarter of the fiscal year 2073/74.
The bank’s profit has decreased from 1.09 arba in the fourth quarter of the fiscal year 2073/74 to Rs 1.02 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 1.001 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 33.28% to Rs 69.67 arba and loans and advances have also increased by 48.96% to Rs 62.94 arba in the last quarter.
The net interest income of the bank has increased to Rs 2.04 arba from Rs 1.43 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 7.16 arba with Rs 4.53 arba as its reserve.
The Non-Performing Loan (NPL) has also decreased to 1.01% from 1.86%.
In the fourth quarter, the EPS of the bank stands at Rs 14.36. The net worth per share stands at Rs 163.27.
Major Highlights:
|
Particulars (In Rs '000) |
KBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
7,163,055 |
5,969,496 |
19.99% |
|
Reserve & Surplus |
4,531,742 |
3,260,720 |
38.98% |
|
Deposits |
69,677,722 |
52,279,208 |
33.28% |
|
Borrowings |
539,116 |
7,217 |
7370.08% |
|
Loans & Advances |
62,940,072 |
42,254,113 |
48.96% |
|
Net Interest Income |
2,048,465 |
1,434,388 |
42.81% |
|
Operating Profit |
1,424,974 |
1,512,295 |
-5.77% |
|
Net Profit |
1,028,797 |
1,090,356 |
-5.65% |
|
Total Comprehensive Income after Share of NCI |
1,009,159 |
1,161,378 |
-13.11% |
|
Add/ Less: Regulatory adjustment as per NRB |
(7,666) |
(461,004) |
-98.34% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,001,493 |
700,374 |
42.99% |
|
NPL |
1.01 |
1.86 |
-45.70% |
|
Annualized EPS (In Rs.) |
14.36 |
18.27 |
-21.37% |
|
Net Worth per Share (In Rs.) |
163.27 |
154.62 |
5.59% |
