TDBL has posted 67.24 % growth in net profit; Sahayogi, Mission & Alpine maintained Rs30.77, Rs21.64 and Rs24.11 respectively in Q4

Janakpur based, Sahayogi Vikas Bank Limited (SBBLJ) has uplifted their net profit with growth by 69.84 percent in the fourth quarter of the fiscal year 2073/74. SBBLJ unaudited financial report published today state that the net profit has surged from Rs 7.66 crore in the corresponding quarter to Rs13.01 crore in Q4 while s net profit increased to Rs 17.28 crore from Rs 10.76 crore. SBBLJ has paid up capital of Rs 42.30 crore in Q4.The development bank has increased its reserve and surplus to Rs 20.52 crore from Rs 7.50 crore. The Earning per share (EPS) is at Rs 30.77.Likewise; net worth per share is at Rs 148.41 and PE ratio at 11.80 times. Meanwhile, Mission Development Bank Limited (MIDBL) posted a net profit growth of 58.47 percent in fourth quarter of the fiscal year 2073/74. According to the published unaudited report today, the net profit has gone up fromRs5.13 crore to Rs8.43 crore. The development bank has paid up capital of 38.98 crore. The development bank has significantly increased its reserve with the growth of 163.70 percent to Rs 18.09 from Rs6.86 crore in Q4 of FY2073/74. The earning per share (EPS) of the development bank is Rs21.64 while its net worth per share is Rs146.42. Its P/E ratio is at 14.65 times. Consequently, Alpine Development Bank Limited (ALDBL) posted a net profit growth of 44.80 percent in fourth quarter of the fiscal year 2073/74. According to the published unaudited report today, the net profit has gone up fromRs4.33 crore to Rs 6.27 crore. The development bank has paid up capital of Rs 26 crore. The development bank has significantly increased its reserve with the growth of 224.76 percent to Rs10.49 crore from Rs3.23 crore in Q4 of FY2073/74. The earning per share (EPS) of the development bank is Rs24.11 while its net worth per share is Rs140.36. Alpine is being acquired by Century Commercial Bank Limited, the integrated transaction is yet to happen and the swap ratio would be 100:93. Tourism Development Bank Limited (TDBL) posted a net profit of 67.24 percent in fourth quarter of the fiscal year2073/74. According to the published unaudited report today, the development bank has increased its net profit from Rs 19.08 crore to Rs 31.91 crore. The paid capital is at Rs 2 arba. TDBL reserve and surplus has tremendously increased from Rs 12.94 crore to Rs 53.36 crore in Q4 of FY2073/74. The development bank earning per share (EPS) has declined to Rs17.43 while its net worth per share is at Rs138.48. Its PE ratio is at 24.50 times. It’s trading at NEPSE has stopped after MOU was signed with Mega bank limited for the merger since Magh 10, 2073. The company is yet to hold its Annual general meeting of the fiscal year of 2072/73. It has proposed 9.3 percent bonus share of the same fiscal year.