Citizen Investment Trust’s Profit Rises by 6.92%, Net Profit Reaches NPR 665.3 Million
Author
NEPSE TRADING
Citizen Investment Trust (CIT) has recorded a net profit of NPR 665.3 million by the end of the second quarter of the current fiscal year 2082/83. This reflects a 6.92 percent increase compared to the same period of the previous fiscal year, when the Trust had earned NPR 622.2 million.
During the review period, the Trust’s total income reached NPR 1.06 billion, marking a 2.86 percent rise from NPR 1.03 billion in the corresponding period last year.
The improvement in profit has mainly been driven by growth in service fees and commission income. Such income increased from NPR 810.1 million to NPR 839.4 million. However, net interest income declined from NPR 193.3 million to NPR 173.6 million during the same period.
Expenses Decline
CIT has also managed to reduce its overall expenses. Total expenditure, which stood at NPR 208.6 million in the second quarter of the previous fiscal year, declined to NPR 181.8 million in the current review period. The reduction in expenses has further supported profit growth.
Investment Portfolio
By the end of the review period, the Trust’s total investment portfolio amounted to NPR 298 billion. The investment structure includes:
Fixed deposits: NPR 145 billion
Government bonds: NPR 1.31 billion
Term loans: NPR 26.31 billion
Shares of listed institutions: NPR 31.68 billion
Subsidiary companies: NPR 2.72 billion
This diversified investment strategy reflects the Trust’s focus on stable and long-term returns.
Capital Position and Key Indicators
Currently, CIT’s paid-up capital stands at NPR 6.80 billion, while its reserve fund has reached NPR 12.28 billion. By the end of the second quarter, the Trust reported:
Earnings per share (EPS): NPR 19.55
Net worth per share: NPR 142.40
Return on investment: 4.49 percent
Market analysts believe that CIT’s steady growth in income, effective cost control, and diversified investment portfolio indicate strong financial management. With consistent performance and improving operational efficiency, the Trust is expected to further strengthen its financial position in the coming periods.
