Kathmandu: Citizen Investment Trust (CIT) recorded a net profit of Rs 1.25 billion in the last fiscal year, up from Rs 1.10 billion in the previous year.
Despite a drop in interest income due to declining interest rates, the institution’s profit rose on the back of higher service fee earnings and reduced expenses.
In FY 2024/25, CIT’s total income reached Rs 2.09 billion, compared to Rs 1.92 billion in the prior year. Of this, Rs 330 million came from interest income, while Rs 1.65 billion was generated from service fees and commissions.
In contrast, the previous year’s interest income stood at Rs 440 million, with service and commission income at Rs 1.41 billion.
The total expenditure also fell, from Rs 455 million in the previous fiscal year to Rs 424 million last year. Management expenses saw a notable reduction, declining from Rs 327.5 million to Rs 276.9 million.
CIT’s total investments grew significantly, from Rs 2.43 trillion to Rs 2.89 trillion. The largest portion, Rs 1.30 trillion, was placed in fixed deposits with banks. The Trust also invested Rs 610 billion in loans, Rs 320 billion in shares, and Rs 260 billion in time-bound credit disbursements.
However, earnings per share (EPS) fell from Rs 20.75 to Rs 19.34, while net worth per share dropped from Rs 171.45 to Rs 164.23.
The figures indicate that although profit increased, the institution’s per-share performance slightly weakened, mainly due to expanded capital and portfolio size.
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