Machhapuchchhre Bank reports decline in net profit in the fourth quarter; EPS & Net worth per share stand at Rs 16.10 & Rs 133.84
Mon, Aug 13, 2018 2:20 AM on Financial Analysis, Latest, Stock Market,
Machhapuchchhre Bank Limited (MBL) has published its fourth quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a fall in the net profit by 6.96% in the fourth quarter of the fiscal year 2074/75.
The bank’s profit has decreased from 1.39 arba in the fourth quarter of the fiscal year 2073/74 to Rs 1.29 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 1.21 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 23.62% to Rs 72.47 arba and loans and advances have also increased by 23.82% to Rs 65.08 arba in the last quarter. The borrowings of the bank have increased to Rs 63.78 crore from Rs 16.07 crore. The net interest income of the bank has also increased to Rs 2.73 arba from Rs 2.43 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.05 arba with Rs 2.72 arba as its reserve.
The Non-Performing Loan (NPL) stands at 0.38%.
In the fourth quarter, the EPS of the bank stands at Rs 16.10. The net worth per share stands at Rs 133.84.
Major Highlights:
|
Particulars (In Rs '000) |
MBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
8,055,693 |
7,716,605 |
4.39% |
|
Reserve & Surplus |
2,726,168 |
1,855,681 |
46.91% |
|
Deposits |
72,474,720 |
58,629,077 |
23.62% |
|
Borrowings |
637,802 |
160,703 |
296.88% |
|
Loans & Advances |
65,080,188 |
52,559,428 |
23.82% |
|
Net Interest Income |
2,730,773 |
2,430,984 |
12.33% |
|
Operating Profit |
1,874,511 |
1,861,224 |
0.71% |
|
Net Profit |
1,297,303 |
1,394,289 |
-6.96% |
|
Total Comprehensive Income afterShare of NCI |
1,297,837 |
1,395,910 |
-7.03% |
|
Add/ Less: Regulatory adjustment as per NRB |
(86,624) |
(91,806) |
-5.64% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,210,679 |
1,302,483 |
-7.05% |
|
NPL |
0.38 |
0.38 |
0.00% |
|
Annualized EPS (In Rs.) |
16.10 |
18.07 |
-10.87% |
|
Net Worth per Share (In Rs.) |
133.84 |
124.05 |
7.90% |
