Net profit of Citizen Investment Trust Improves

Jun 30, 2020 12:56 PM Merolagani

Citizen Investment Trust (CIT) has earned a net profit of Rs 379.4 million in the third quarter of the current FY.

The net profit increased by Rs 41.7 million compared to the corresponding period of the last FY. In the review period of the last FY, the company earned Rs 337.7 million in net profit.

Although the company managed to improve its net profit earning, its EPS decreased by Rs 4 to Rs 31 from earlier Rs 35. Failure to increase its net profit compared to the paid-up capital pulled its EPS down.

The company has a paid-up capital of Rs 1.34 billion and reserve fund of Rs 7.24 billion. The company mobilized Rs 600 million in the government bonds, Rs 85.14 billion in fixed deposits and Rs 871.5 million in investment. The company earned a net interest income of Rs 57.8 million.

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