Kathmandu. Kamana Seva Bikas Bank Limited has earned a net profit of Rs. 586.156 million as of mid-April of the current fiscal year. This is seen in the unrevised financial statements of the bank up to the third quarter of the current fiscal year. This is 172 percent more than the corresponding period of the previous fiscal year. The bank had earned a net profit of Rs 215.49 million in the corresponding period of the previous fiscal year.

As per the details made public by the bank, the distributable profit of the bank has increased from Rs. 58.42 million to Rs. 388.8 million during the review period. Net interest income of the bank increased by 25.73 percent and operating profit increased by 95.08 percent during the review period. Operating profit increased significantly with the reduction in impairment charge by 76.55 percent.

Similarly, along with the increase in net profit of the bank, the earnings per share of the bank has also improved significantly. Such income of the bank has increased by Rs 18.16 paise to Rs 29.47 paise during the review period. The price-to-earnings ratio of the bank is 11.94 times and the net worth per share is Rs 114.35.