Century Commercial Bank publishes a jaw-dropping report ; Net profit rises by 102%

As per the 3rd qurter report, Century Commercial Bank has earned a net profit of Rs 63 crores in the review period. This is 102% more then that earned in the previous year. Century now has an Earning per Share of Rs 10.42

The Company now has a paid up capital of Rs 8.06 arba with a reserve of Rs 1.21 arba. It has a per share networth of Rs 115.04. In terms of deposit, a massive growth of 59.10% is noticed as company collects Rs 52.73 in the review period. Similarly, company has lended Rs 50.02, which is 66.38% more then previous year. Century commercial bank now has a NPL of 0.76%. 

The rise in Net Interest Income by massive 59.28% is the major contributor for the rise in Net profit. Moreover, a growth is seen in the income from fee, discount, foreign exchange and other operation. The rise in non-operating income and comparitively huge amount of write back has contributed for the rise. However, staff expense has surged by 47%. 

Positive Sides : 

• Rise in Net Interest Income and ultimately Net profit
• Adequate Capital
• Low NPL of 0.76%

Negative Sides :  

• High CCD of 78.18%
• High Base rate 
• Significant rise in Staff expense

Key Indicators

Earning Per Share (EPS) : Rs 10.42

P/E Ratio                          : 16.51 times 

P/B Ratio                          : 1.49 times

Networth Per share          : 115.04