Citizen Investment Trust’s EPS Decline Despite Increase in Profit

May 10, 2024 12:19 PM Merolagani

Citizen Investment Trust (CIT) has published its third-quarter report of the current FY.

As per the company’s report, its net profit has increased by 13 percent compared to the corresponding period of the last FY.

In the review period, the company earned net profit of Rs 882.4 million compared to Rs 777.9 million of the review period of the last FY.

The net profit increased due to increase in interest and commission income.

 During the period, its interest income increased to Rs 353.2 million and commission income to Rs 1.04 billion.

Although the company raised its profit, its EPS declined to Rs 22.14. It logged net worth per share of Rs 171.41.

The company with Rs 5.31 billion in paid-up capital has reserve fund of Rs 25.50 billion.

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