NIC Asia Bank Limited: Q2 Report Published

NIC Asia Bank (NICA) has posted the Second Quarter unaudited report for the fiscal year 2080/2081. Where the net profit has decreased by 41.84 % to Rs. 1.90 Arba in this quarter.

The annual EPS is reported at Rs. 25.52 after a decrease of Rs. 31.09 from the same time frame the previous year, and the net worth per share is recorded as Rs. 205.1 after a decrease of Rs. 38.87. NIC Asia Bank traded at a P/E multiple of 19.97 times during the period.

The Reserve and Surplus have decreased by 12.05 % to Rs. 15.67 Arba in this quarter presented by the second quarter report as compared to the same time frame the previous year.

The non-performing loan (NPL) ratio has increased to 1.19 % after an increase from 0.61%. The paid-up capital for the company stood at Rs. 14.91 Arba in this quarter after an increase of 29% with the issuance of bonus shares.

Overall, NIC Asia Bank’s profit has declined by 41.84 % to Rs. 1.90 Arba.