Kumari Bank’s profit rises by 48.25%; NPL also slides

Kumari Bank Limited (KUBL) has earned a net profit of Rs.4.86 crore in the 1^st quarter of the fiscal year 2072/73.The commercial bank‘s net profit increased by 48.25% in Q1 as compared to the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for Q1 today, the commercial bank’s deposit collection reached Rs.34.74 arba from Rs.29.64 arba in Q1 last year. It floated loans of Rs.27.47 arba, rising from Rs.23.84 arba of the corresponding quarter of the previous fiscal year. The commercial bank’s net interest income reached to Rs.17.79 crore, decreasing from Rs.17.97 crore in Q1. Kumari Bank’s paid up capital remains at Rs.2.43 arba and has a reserve of Rs.97.43 crore. The commercial bank has an operating profit of Rs.6.47 crore. Its NPL dropped to 2.91% from 4.38% in the first quarter. Kumari Bank’s annualized EPS stands at Rs.8. (The company has showed a rolling average EPS of Rs.15.16). Its net worth per share is Rs.140.07, and P/E ratio is at 29.03 times.