January 21, 2021 | Investopaper
Nepal Investment Bank Limited (NIBL) has reported a decline in net profit in the second quarter of the fiscal year 2077/78. The bank has earned Rs. 1.57 Arba in net profit, which is almost 5 percent lower than the corresponding period of the previous year. In the first six months of the fiscal year 2076/77, the bank had earned Rs. 1.67 Arba in net profit.
The decline in net profit is mainly due to the fall in the net interest income, fees, commission, and trading income. The net interest income has declined to Rs. 2.98 Arba from Rs. 3.06 Arba of the same period in the previous year. Likewise, the fees, commission, and trading income has declined by more than Rs 30 crores in aggregate.
As of Poush end, 2077 BS, Nepal Investment Bank has a paid-up capital of Rs. 14.25 Arba [bonus share from FY 2076/77 not adjusted]. Likewise, the total reserves and surplus stand at Rs. 15.3 Arba.
Note: Reserve and Surplus include Share premium, retained earnings, and general reserve.
Nepal Investment Bank has collected Rs. 166.35 Arba as deposits from customers, while the total loans floated to customers, stood at Rs. 138.02 Arba.
The Annualized Earnings per share (EPS) is at Rs. 19.71 [EPS is calculated by adjusting the bonus share from FY 2076/77]. Likewise, the net worth per share stands at Rs. 207.39.
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The summarized version of the second-quarter report of Nepal Investment Bank is shown in the table below:
Nepal Investment Bank Second Quarter Report Summary, FY 2077/78
|Financial Indicators||Q2, F.Y. 2077/78||Q4, F.Y. 2076/77||Percent Change|
|Reserve and Surplus(Rs.’Arba’)||15.3||12.92||18.42|
|Deposits From Customers (Rs.’Arba’)||166.35||166.36||-0.01|
|Loans & Advances To Customers (Rs.’Arba’)||138.02||135.08||2.18|
|Financial Indicators||Q2, F.Y. 2077/78||Q2, F.Y. 2076/77||Percent Change|
|Net Interest Income(Rs.’Arba’)||2.98||3.06||-2.61|
|Operating Profit (Rs.’Arba’)||2.33||2.38||-2.10|
|Net Profit (Rs.’Arba’)||1.59||1.67||-4.79|
|Distributable Profit (Rs.’Arba’)||0.49||–||–|
|Non Performing Loans, NPL(%)||2.75||2.9||-5.17|
|Earnings Per Share, EPS(Rs.)||19.71|
|Networth Per Share ( Rs.)||207.39|
|Market Price Per Share (Rs.) Poush end, 2077]||485|
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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