Skip to content

Nifra’s net profit declines by 20.16 percent, what are the other indicators?

nabil
global ime

Kathmandu. Nepal Infrastructure Bank Limited (NIFRA) has published its unrevised financial statements for the first quarter of the current fiscal year 2083/84.

According to the financial statement released by the bank, the profit for the first quarter of the current fiscal has decreased by 20.16 percent. According to the bank, the bank has earned a net profit of Rs 16.64 crore in the first three months of the current financial year. The bank had earned a profit of Rs 20.85 crore in the same period of the previous financial year.TAG_OPEN_div_20

According to the bank’s financial statements, the operating profit of the bank declined by 19.50 percent to Rs 24.1 crore in the first three months of the current financial year. Similarly, the net interest income decreased by 7.73 percent to Rs 34.42 crore. Due to which the profit of the bank has also declined.TAG_OPEN_div_18

The deposit and credit flow of the bank has increased significantly. Deposits have increased to Rs 12.04 billion from Rs 7.82 billion in the same period last year. Similarly, credit and credit flow has increased from Rs 26.18 billion to Rs 34.17 billion.

The bank’s paid-up capital stood at Rs 21.TAG_OPEN_div_14 60 billion. The bank’s reserve fund and cumulative profit declined by 38 per cent to Rs 2.67 billion during the period.

Similarly, the bank’s annual earnings per share (EPS) declined to Rs 3.08 from Rs 3.TAG_OPEN_div_12 86 in the same period last year. The net worth per share of the bank stood at Rs 112.38.

Prabhu
sikhar insurance

प्रतिक्रिया दिनुहोस्

bulet bike
citizen life
MAK 4T
sanima
Gili
CG Digital
sign