CIT Increases Net profit by 26%

May 01, 2023 10:33 AM Merolagani

Citizen Investment Trust (CIT) has published its third-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 777.9 million which is 26.15 percent growth compared to Rs 616.6 million of the review period of the last FY.

The net profit increased due to increase in interest income.

During the period, its interest income increased by 196.77 percent to Rs 305 million. Similarly, its total income increased to Rs 1.25 billion from Rs 1.03 billion. Meanwhile, its total expenses increased by merely 5.36 percent.

The company with Rs 4.25 billion in paid-up capital has reserve fund of Rs 16.82 billion.

It logged EPS of Rs 74.24 and net worth per share of Rs 201.87.

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