Citizen Investment Trust (CIT) Earns Rs 37.94 Crores In Profit

June 30, 2020 | Investopaper

Citizen Investment Trust (CIT) has reported a net profit of Rs 37.94 crores until the third quarter of the fiscal year 2076/77. This is 12.35  percent higher than the profit of the corresponding period of the previous year. Last year, the company had earned Rs 33.77 crores until the third quarter.

The rise in profit is mainly due to the increase in income from various sources-interest income, dividend, service charge as well as commission income. CIT earned Rs. 61.62 crores as income from its service charge and commission. Such income stood at Rs 54.50 crores in the same period of the previous year.

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In the fiscal year 2075/76, the net profit of the company stood at Rs 46.23 crores (as per the audited report).

Citizen Investment Trust has a current capital of Rs 1.35 Arba. The per share earning (EPS) stands at Rs. 31 while the net-worth per share is Rs 208.

To view the full report, click the link below:

Citizen Investment Trust Report

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