NIFRA Reports Notable 36.15% Decline in Net Profit for Q2, 2082/83, With EPS at Rs. 3.80
Summary
Nepal Infrastructure Bank Limited reported a 36.15% decline in net profit to Rs. 40.99 Crores in Q2 2082/83, with earnings per share at Rs. 3.80 and a decrease in capital adequacy ratio to 72.40%.
Key Points
- Nepal Infrastructure Bank Limited (NIFRA) reported a net profit of Rs. 40.99 Crores in Q2 2082/83, a 36.15% decrease from the previous year.
- Net interest income fell by 29.09% to Rs. 74.07 crores compared to the last fiscal year.
- Deposits increased by 7.99% to Rs. 8.11 Arba, and loans and advances increased by 17.84% to Rs. 27.41 Arba.
- Capital adequacy ratio declined to 72.40% from 80.18%, and earnings per share dropped to Rs. 3.80 from Rs. 5.94.
