Prime commercial Bank posted hike in net profit by 27.77%: EPS stands at 17.80

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prime commercial bank

Prime commercial Bank Limited (PCBL) has reported surge in net profit of 27.77% in the second quarter of this fiscal year 2074/75.

As per the published report, Prime commercial Bank has stated the net profit of 71.51 crore in the second quarter of FY 2074/75. Net profit is increased by 27.77% from 55.97 crore in the corresponding quarter of the last year.

PCBL deposit collection reached to 71.06 arba & floated in loans of 55.01 arba.

Net interest income of bank reached to 1.04 arba. Operating profit is 94.46 crore.

Its paid up capital reached to 8.03 arab with reserve of 2.11 arba.

Its Non-performing loan (NPL) stands at 1.43%. Cost of fund is 8.16% & CCD ratio is 77.50%.

Annualized earning per share stands at 17.80 & net profit is 126.35.

PE ratio stands at 17.06 times.