Mega Bank  Logs 30.51% Growth in Net Profit

Aug 14, 2019 10:21 AM Merolagani

Mega Bank (MEGA) has logged 30.51 percent growth in net profit in the fourth quarter of the last FY. The bank earned a net profit of Rs 1.71 billion in the review period compared to Rs 1.31 billion of the corresponding period of the previous FY.

As per the financial report published under NFRS format, the bank earned Rs 1.35 billion in distributable profit.

The bank with paid-up capital of Rs 10.38 billion has reserve fund of Rs 1.84 billion.

In the review period, the bank increased its deposit collection by 28.86 percent to Rs 78.68 billion and loan extension by 25.64 percent to Rs 69.98 billion.

During the period, the bank increased its net interest income by 59.91 percent to Rs 3.79 billion.

The bank maintained non-performing loan of 0.86 percent, EPS of Rs 16.55, net worth per share of Rs 130.93 and P/E ratio of 12.87 times.

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