Prime Commercial Bank profit rises to Rs 1.25 arba in Q3; EPS stands at Rs 20.49
Tue, Apr 24, 2018 1:15 AM on Financial Analysis, Latest, Stock Market,
Prime Commercial Bank Limited (PCBL) has posted a profit rise by 42.54% in the third quarter of the fiscal year 2074/75. The commercial bank has earned a net profit of Rs 1.25 arba in Q3 compared to Rs 88.29 crore in the corresponding quarter of the previous fiscal year.
Publishing the third quarter’s unaudited financial report today, the commercial bank stated that its net interest income inflated to Rs 1.69 arba in Q3 from Rs 1.31 arba in the corresponding quarter.
The operating profit of the bank stands at Rs 1.74 arba in Q3 up from Rs 1.25 arba in the corresponding quarter of the previous fiscal year.
The bank has deposit collection of Rs 74.20 arba in Q3, mounting from Rs 56.10 arba in the corresponding period last year. It disbursed loans and advances of Rs 66.53 arba in Q3.The figure stood at Rs 48.61 arba in the corresponding quarter of last fiscal year.
Its non-performing loan decreased to 1.06 percent from 1.37 percent in Q3.
The bank has paid up capital of Rs 8.03 arba with Rs 2.66 arba in reserve.
PCBL's earning per share (annualized) stands at Rs 20.89, net worth per share at Rs.133.12 and P/E ratio is 14.12 times.
Major Highlights:
|
Particulars (In Rs '000) |
PCBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,033,299 |
5,792,560 |
38.68% |
|
Reserve & Surplus |
2,660,399 |
1,910,439 |
39.26% |
|
Deposits |
74,200,725 |
56,107,653 |
32.25% |
|
Borrowings |
760,834 |
- |
- |
|
Loans & Advances |
66,535,633 |
48,611,483 |
36.87% |
|
Net Interest Income |
1,694,387 |
1,315,546 |
28.80% |
|
Provision for possible losses |
249,557 |
244,677 |
1.99% |
|
Operating Profit |
1,747,947 |
1,253,693 |
39.42% |
|
Net Profit |
1,258,575 |
882,961 |
42.54% |
|
NPL (%) |
1.06 |
1.37 |
-22.63% |
|
Annualized EPS (In Rs.) |
20.89 |
20.32 |
2.78% |
|
Net Worth per Share (In Rs.) |
133.12 |
132.98 |
0.10% |
|
P/E Ratio (In times) |
14.12 |
- |
- |
