Professional Development earned Rs. 4.1 million net profit in first quarter

Kathmandu November 8- With the paid up capital of Rs. 220 million Professional Diyalo Development Bank's net profit increased by 4 times to Rs. 4 million 128 thousands in the first quarter of the current FY which was Rs. 1 million 17 thousands in the same period of last year.

 Deposit collection of the bank has also grown by 34.14% to Rs.1 billion 623 million from Rs. 1 billion 237.9 million last FY. Similarly, lending of the bank has grown by 21.15% to Rs. 1 billion 272.7 million from Rs. 1 billion 50.5 million. Total interest income of the bank has increased by 16.93% to Rs. 1 billion 623.4 million. Similarly, interest income and income expenses has increased by 18.37% and 19.09% respectively. Operating profit has also increased by 4 times to Rs. 6 million 422 thousands whereas provision has balance of Rs. 633 thousands.

In the first quarter of current fiscal year, bad debt and risky assets are at 0.95% and 06.83% respectively.  According to the financial statement of the first quarter, EPS of the bank is Rs. 1.88, P/E ratio is 88.45 times, net worth per share is Rs. 123.42 and liquidity ratio is 37.89%.

In the total of 47 days of transactions, the maximum and minimum market price of share is Rs. 188 and Rs. 163 respectively.