Net profit of Nirdhan Utthan bank increased by 24%, net worth per share reaches Rs. 171

Kathmandu November 4- Net profit of Nirdhan Utthan bank has increased by 24.07% in the first quarter of current fiscal year 2072/73. It has earned Rs. 79 million 967 thousand which was Rs. 64 million 449 thousands in the same period of last FY.

Collection of deposit has increased by 52.68% to Rs. 3 billion 32 million 791 thousands from Rs. 1 billion 976 million 304 thousands of last year. Lending has also increased by 45.41% to Rs. 7 billion 373 million 926 thousands.

In the first quarter, net interest income has boosted by 34.28% to Rs. 242million 41 thousands. Similarly, interest income has increased by 36.81% and interest expense has increased by 43.36%. Operating profit has taken a leap by 22.07% to Rs. 123 million 534 thousands which was Rs. 10 million 636 thousands last FY.

According to the financial statement of first quarter, bad debt has decreased by 0.53% to 0.22%. Risky assets have decreased by 11.89% to 11.56%. EPS of share is Rs.63.97. P/E ratio stands on 29.98 times, net worth per share rested on 171.39 and liquidity ratio is30.94%.

In total of 43 days of transactions, maximum and minimum market price per share has been Rs. 1918 and Rs. 1380 respectively.