August 9, 2020 | Investopaper
Citizen Investment Trust (CIT), also known as ‘Nagarik Lagani Kosh’ has reported a profit of Rs 54.26 crores in the fiscal year 2076/77. This is 17.36 percent higher than the net profit of the previous fiscal year. In FY 2075/76, CIT has netted a profit of Rs 46.23 crores.
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The rise in net profit is due to the increase in the service charge and commission income as well as interest income. The company earned a fee and commission income of Rs 88.15 crores, up from Rs 79.10 crores in the previous fiscal year. Likewise, CIT reported the interest income of Rs 8.25 crores in the fiscal year 2076/77, which stood at Rs 3.13 crores in the previous year.
Citizen Investment Trust has a current paid-up capital of RS 1.64 Arba. The company distributed 22 percent bonus share from fiscal year 2075/76. Similarly, total reserve stood at Rs 7.69 Arba until the Ashad end, 2077. The company is managing the total assets of Rs 1.49 Kharba.
With the increase in the paid up capital, the Earning Per Share (EPS) and per share networth has declined to Rs 33 and Rs 218 respectively.
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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