Net profit of CIF increases by over 6 percent

KATHMANDU, FEBRUARY 11: The Citizen Investment Fund (CIF) has lately made public its unedited financial report for the first six months of the current fiscal. As per the report, the net profit of the CIF  stood at 546 million, up by 6.38 per cent compared to the corresponding period last year.

During the review period, the gross income increased by 11 percent to 924.5 million and the gross cost went up by 31 percent to Rs 196.5 million. Likewise, the reserve fund of the CIF increased to 24 billion 410 million from Rs 15 billion 330 million .

Its current paid-up capital amounts to Rs 5 billion 317 million 750 thousand by distributing bonus shares.  The Earnings Per Share (EPS) and Net Worth Per Share (NWPS) stand at Rs 20.55 and Rs 165.8 respectively.