Om Development reflects a profit of Rs 8.06 crores with an EPS of Rs 13.81
Mon, Nov 12, 2018 11:13 AM on Featured, Stock Market,
Om Development Bank Limited (ODBL) has registered an increase in net profit growth in the first quarter of the FY 2075/76.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 8.06 crore in first quarter, up from Rs.3.74 crore in the corresponding quarter of the previous fiscal year.
ODBL’s net interest income has risen to Rs 24.59 crore in Q1 as compared to Rs. 15.34 crore in the corresponding quarter of the last fiscal year.
As of Q1, it has a paid up capital of Rs 2.51 arba with a reserve of Rs 84.08 crore.
The bank also collected deposits of Rs 21.96 arba in Q1, up from Rs 17.20 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 19.04 arba in Q1 whereas in the same period last year, the figure stood at Rs. 14.27 arba.
ODBL’s annualized Earnings per Share (EPS) is Rs 13.81 per share. Its Net worth per share stand at Rs 133.40.
The company is in process of being acquired by Prime Commercial Bank Limited. NRB has recently given letter of intent (LoI) for this acquisition deal.
