Prime Commercial Bank's profit remains stagnant; Net Profit rises by 4.28%; EPS at Rs. 16.39
Fri, Aug 14, 2020 2:47 PM on Latest, Company Analysis,
Prime Commercial Bank Limited (PCBL) has published its fourth-quarter report for the FY 2076/2077 with a slight increase in Net Profit by 4.28%. The bank's Net Profit stood at Rs. 2.29 Arba in this quarter.
The bank has Rs. 1.61 Arba as a distributable profit after P/L appropriation and regulatory requirements in the fourth quarter. This means PCBL can distribute around 12% (approx.) dividends from the earnings of FY 2076/2077 if other regulatory requirements are not required.
The bank’s deposit from customers increased by 55.04% to Rs. 1.19 Kharba whereas loans and advances to customers increased by a small 52.26% to Rs. 1.10 Kharba till the fourth quarter. The Net Interest Income (core business income) of the bank has increased by 28.82% to Rs. 4.61 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 13.98 Arba with Rs. 7.20 Arba in Reserve and surplus. The Non-performing loan (NPL) has increased to 1.54% in this quarter.
The earnings per share (EPS) of the Bank stood at Rs. 16.39 and Net worth per share stood at Rs. 146.91. The company traded at P/E multiple of 15.55 times.
Major Highlights:
|
Particulars ('000) |
Prime Commercial Bank Limited |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
13,985,249.50 |
9,318,626.70 |
50.08% |
|
Share Premium |
644,823.00 |
- |
- |
|
Retained Earnings |
1,764,348.42 |
1,575,645.63 |
11.98% |
|
Reserves |
4,795,693.61 |
2,509,716.96 |
91.09% |
|
Deposit from Customers |
119,441,613.62 |
77,040,074.37 |
55.04% |
|
Loans & Advances to Customers |
110,454,295.53 |
72,545,401.63 |
52.26% |
|
Net Interest Income |
4,617,810.77 |
3,584,607.18 |
28.82% |
|
Fee and Commission Income |
902,550.79 |
766,872.08 |
17.69% |
|
Impairment Charge/(Reversal) |
782,960.20 |
135,339.95 |
478.51% |
|
Personnel Expenses |
1,080,277.14 |
888,335.06 |
21.61% |
|
Operating Profit |
3,270,233.19 |
3,149,515.70 |
3.83% |
|
Profit/(Loss) for the Year |
2,292,802.57 |
2,198,792.24 |
4.28% |
|
Total Comprehensive Income |
2,388,160.66 |
2,196,278.67 |
8.74% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
1,615,718.53 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
13.40% |
12.76% |
- |
|
Non-Performing Loan (NPL) |
1.54% |
1.00% |
- |
|
CCD (as per NRB Directive) |
74.54% |
77.03% |
- |
|
Cost of Fund (%) |
7.14% |
7.90% |
- |
|
Base Rate (%) |
8.62% |
10.03% |
- |
|
EPS (Rs.) |
16.39 |
23.59 |
-30.52% |
|
Net worth per share (Rs.) |
146.91 |
143.84 |
2.13% |
|
Qtr End PE Ratio (Rs.) |
15.55 |
- |
- |
|
Qtr End Market Price |
255.00 |
- |
- |
|
Price to Book (PB Ratio) |
1.73 |
- |
- |
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