Kathmandu. Machhapuchchhre Bank Limited has published its unaudited financial statements for the third quarter of the current fiscal year. According to the financial report published by the bank, both net profit and earnings per share have increased.
During the review period, the bank earned a net profit of Rs 1.65 billion. The profit of the bank increased by 50.43 percent compared to the same period of the last FY. The bank had posted a net profit of Rs 1,100 crore in the same quarter last year.
In the review period, the bank earned a net profit of Rs 4.39 billion. The bank had posted a net profit of Rs 4.25 billion in the same quarter last year. The net interest income of the bank increased by 3.47 percent compared to the same period of the last FY.
Similarly, the bank’s total operating income increased by 9.93 percent in the review period. Operating profit increased by 16.64 percent. During the period, the bank’s distributable profit stood at Rs 76.22 crore.
The bank has a paid-up capital of Rs 15.08 billion with the issuance of unissued unissued preference shares worth Rs 3.04 billion. The bank collected deposit of Rs 213 billion and extended loan of Rs 159 billion till mid-April.
Along with the profit, the bank’s earnings per share also increased. In the review period, the bank’s earnings per share increased by Rs 6.14 to Rs 18.30. As of mid-April, the bank has a net worth per share of Rs 168.10 and P/E ratio of 13.77 times.
