NIC Asia net profit rises to 2.28 Arba; EPS stands at Rs.34.36
May 13, 2019 | Investopaper
NIC Asia published the 3rd quarter report of F. Y. 2075/76. NIC Asia bank made a net profit of Rs. 2.28 Arab in the 3rd quarter of this fiscal year. The net profit has grown by outstanding 145.79% from the corresponding quarter of the previous year. Last year, the company’s profit stood at Rs.92.76 crores in the 3rd quarter. The bank has kept a huge amount as provision for possible losses i.e. 94.96 crore.
The company has paid up capital of Rs. 8.83 Arab, reserve & surplus of Rs. 4.06 Arab. The bank has collected deposits of Rs. 154.14 Arab. It has floated loans & advances of Rs. 141.56 Arab till the 3rd quarter. The net interest income has risen to Rs. 5.32 Arab from Rs. 2.66 Arab. The free profit after regulatory adjustment stands at Rs. 1.05 Arab. The non-performing loans stand at 0.45%. Also, the EPS and Networth per share is 34.36 and 161.74 respectively, as of 3rd quarter 2075/76.
See the financial highlights below:
| Headings | 3rd Qtr, F.Y. 2075/76 |
| Paid up capital(Rs.’ Arba’) | 8.83 |
| Reserve and Surplus(Rs.’ Arba’) | 4.06 |
| Deposits(Rs.’Arba’) | 154.14 |
| Loans & Advances(Rs.’Arba’) | 141.56 |
| Headings | 3rd Qtr, F.Y. 2075/76 |
| Net Interest Income(Rs.’Arba’) | 5.32 |
| Net Profit(Rs.’ Arba’) | 2.28 |
| Distributable Profit(Rs.’ Arba’) | 1.05 |
| Earnings Per Share, EPS(Rs.) | 34.36 |
| Non Performing Loans, NPL(%) | 0.45 |
| Base rate(%) | 9.30 |
