CIT’s First-Quarter Profit Declines Despite Growth in Total Income

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    २०८२ कार्तिक २८, शुक्रबार

Kathmandu — The Citizen Investment Trust (CIT) has released the unaudited financial results for the first quarter of FY 2082/83. According to the report, the Trust earned a net profit of Rs. 31.43 crore, marking a 4.43% decline compared to the same period last fiscal year. CIT had reported a net profit of Rs. 32.09 crore in the previous year’s first quarter.

Despite the decline in profit, total income increased to Rs. 53.72 crore, up by 3.90% from last year’s Rs. 51.70 crore.

Breakdown of Major Income Sources

  • Service Charges & Commission: Rs. 42.74 crore

  • Interest Income: Rs. 9.72 crore

  • Other Income: Rs. 1.25 crore

However, total expenses also rose by 1.96%, reaching Rs. 11.79 crore, compared to last year’s Rs. 11.57 crore.

Key Per-Share Indicators

  • Earnings Per Share (EPS): Rs. 19.40

  • Net Worth Per Share: Rs. 169.08

  • Return on Investment (ROI): 4.81%

Total Investment Portfolio

As of Ashoj-end, CIT’s total investment stands at Rs. 295 billion, distributed as follows:

Investment Area Amount
Fixed Deposits Rs. 162 billion
Shares of Organized Institutions Rs. 32.27 billion
Time-Bound Loans Rs. 26.38 billion
Subsidiary Companies Rs. 2.72 billion
Government Bonds Rs. 3.63 billion

Additionally, the Trust’s reserve fund has reached Rs. 20.24 billion.

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    २०८२ कार्तिक २८, शुक्रबार