Karnali Development Bank Miscalculates EPS

Aug 07, 2018 Merolagani

As per the financial report published by Karnali Development Bank, its EPS stands at Rs 6.76. Apparently, the EPS has been calculated on the previous paid-up capital of Rs 151 million after capitalizing 225 percent right shares issued last year in the report.

Calculation of EPS on the factual paid-up capital totals its EPS at Rs 2.03. In the review period, the company earned a net profit of Rs 10.2 million which was Rs 13.1 million in the previous FY.

Similarly, its reserve fund also decreased to Rs 39.6 million from earlier Rs 45 million. During the period, the bank collected deposit of Rs 2.48 billion and extended loan of Rs 1.17 billion.

Moreover, the bank has earned a net interest income of Rs 73 million during the period.

The bank has bad debt ratio of 3.36, cost of fund of 7.35 and net worth per share of Rs 107.88.

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