Citizen Investment Trust reserve fund crosses Rs 1 kharba; Net profit in Q2 hikes to Rs 18.21 crore

Citizen Investment Trust (CIT) has published its financial report for the second quarter of FY 2074/75 today. As per the financial highlights published today, its net profit has increased by 12.89% in the second quarter of FY 2074/75 to Rs 18.21 crore from Rs 16.13 crore in the corresponding quarter of FY 2073/74. It has paid up capital of Rs 74.03 crore where total reserve surges by 19.01 % to Rs 1.01 kharba in the FY 2074/75 from Rs 85.26 arba in the FY 2073/75. Total reserve includes Nepal Police & Army Insurance Fund, Teacher Insurance Fund, etc. CIT has made total investment of Rs 93.75 arba in various sector. Its return on investment (ROI) stands at 8.47 % and Cost of fund at 7.05% It’s earning per share (EPS) stands at Rs 25 and net worth per share at Rs 227. Q2 Report: