Citizen Investment Trust Improves Major Financial Indicators in Q3

May 18, 2021 10:16 AM Merolagani

Citizen Investment Trust (CIT) has published the third quarter of the current FY. As per the financial report, its majority of indicators have improved during the period.

In the review period, the company earned a net profit of Rs 592 million. The net profit increased by 56.04 percent compared to the corresponding period of the last FY.

During the period, the company increased its total income by 40.57 percent while its expenditure increased by merely 1.96 percent.

In the review period, its paid-up capital increased by 123.08 percent to Rs 3 billion and reserve fund by 83.03 percent.

Despite an increase in net profit, a disproportionate increment in paid-up capital has pressured its EPS. In the review period, the EPS of the company decreased by 11.31 percent. Similarly, its net worth per share decreased by Rs 52.

 

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