Nepal Bank Limited posted Q2 Report: Profit Declined
Nepal Bank Limited (NBL) has disclosed its unaudited financial statement for the second quarter of the fiscal year 2080/81, revealing a decrease in the profit of the bank. The Net Profit has decreased by 49.60% to Rs. 59 Crores in this quarter.
The annual EPS is reported at Rs. 8.03, and the net worth per share is recorded as Rs. 252.54.00 with an increase of Rs. 14.52. Nepal Bank Limited traded at a P/E multiple of 29.37 times during the period.
The Reserve and Surplus have increased by 2.82% to Rs. 22.44 Arba in this quarter presented by the second quarter report.
The non-performing loan (NPL) ratio is 4.50%. The paid-up capital for the company stood at Rs. 14 Arba in this quarter.
Overall, the profit of the company has dipped by 49.60% to Rs. 59 crores.