Muktinath Bank made a profit of worth more than one arba rupees in third quarter

Kathmandu, April 20

Muktinath Bikas Bank has released the company’s financial statement for third quarter. As per the financial statement, the company has earned a net profit of Rs. 1 arba 56 lakh.

According to the financial statement published on Tuesday, the profit has increased by 48 percent compared to the same period last year. The company had earned a net profit of Rs. 67 crore 60 lakh in previous year.

The company’s distributable profit in the third quarter of the current fiscal year is Rs. 82 crore 87 lakh. The increase in net interest income and operating profit of the company during the period also contributed to the increase in net profit. The company’s net interest income has increased by 11 percent and operating profit by 47 percent in the third quarter of the current fiscal year. Along with the increase in profit, the company’s earnings per share has also increased.

In previous year at the same time, the company’s earnings per share was Rs. 18.73, whereas in the current fiscal year it has increased and reached to Rs. 27.87.

The paid-up capital of the company is Rs. 4 arba 81 crore 15 lakh. The company has Rs. 1 arba 1 crore 32 lakh 94 thousand in reserve fund and has accumulated more than Rs. 83 crore 58 lakh in retained earning. The company’s price-to-earnings ratio is 15.47 times, liquidity ratio is 21.48 percent and net worth per share is Rs. 138.43.