Citizen Investment Trust’s Net Profit Increases

Nov 16, 2022 12:57 PM Merolagani



Citizen Investment Trust (CIT) has published its first-quarter report of the current FY. As per the company’s report, its net profit has increased compared to the corresponding period of the last FY.

 In the review period, the company earned net profit of Rs 232.7 million which is 17.99 percent growth compared to Rs 197.2 million of the review period of the last FY.

The net profit increased due to increase in income. During the period, its interest income increased by 43.41 percent and service charge and commission income by 4.51 percent. Similarly, its total income increased by 17.95 percent and total expenses by 17.80 percent.

During the period, it increased its paid-up capital by 30 percent to Rs 4.25 billion and share premium by 77.56 percent to Rs 283.8 million.

It logged EPS of Rs 21.90, net worth per share of Rs 189.05 and P/E ratio of 82.73 times.

 

 

 




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