Nepal Community Development Bank registers net profit of Rs. 1.59 crore; EPS and Net worth stand at Rs. 5.99 and Rs 107.76 respectively in Q2
Tue, Feb 5, 2019 1:02 PM on Financial Analysis, Latest, Stock Market,
Nepal Community Development Bank (NCDB) has published its unaudited financial report of the second quarter (Q2) of FY 2075/76 today.
According to the report, the bank has registered a decrease in net profit by 17.46% to reach Rs. 1.59 crore till this month of Q2 of FY 2075/76 from Rs. 1.93 crore in the corresponding quarter of the fiscal year 2074/75.
Its net interest income has risen to Rs 7.65 crore in Q2 as compared to Rs 5.58 crore in the corresponding quarter. On the other hand, the operating profit decreases by 12.95% to Rs. 1.97 crore from Rs. 2.27 crore.
It’s paid-up capital remains at Rs 53.16 crore with Rs 4.12 crore in its reserve. Deposits collection reached Rs 3.14 arba in Q2 and floated loans of Rs 2.84 arba.
Its non-performing loan (NPL) has shown an increase of 20.49%, up from 1.22% in Q2 of the previous year to 1.47% in Q2 of FY 2075/76. Its EPS stands at Rs 5.99, Net worth per share at Rs 107.76 and P/E ratio at 19.53 times.
Major Highlights:
Particulars (In Rs '000) |
Nepal Community Development Bank Limited |
||
---|---|---|---|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
Paid Up Capital |
531,659 |
447,624 |
18.77% |
Reserve & Surplus |
41,240 |
79,432 |
-48.08% |
Deposits |
3,141,037 |
1,971,967 |
59.28% |
Borrowings |
- |
- |
- |
Loans & Advances |
2,844,449 |
1,768,569 |
60.83% |
Net Interest Income |
76,518 |
55,851 |
37.00% |
Provision for possible losses |
29,735 |
13,371 |
122.39% |
Operating Profit |
19,755 |
22,695 |
-12.95% |
Net Profit |
15,923 |
19,291 |
-17.46% |
NPL (%) |
1.47 |
1.22 |
20.49% |
Annualized EPS (In Rs.) |
5.99 |
8.62 |
-30.51% |
Net Worth per Share (In Rs.) |
107.76 |
117.75 |
-8.48% |
P/E ratio |
19.53 |