Kathmandu. Citizen Investment Trust (CIT) has released its comprehensive first-quarter report for the financial year 2080/81, revealing a notable rise in its comparative net profit by 13.82 percent. The latest financial data indicates that CIT recorded a net profit of Rs. 26.48 crores during the first quarter of FY 2080/81, marking an increase from the Rs. 23.27 crores earned during the corresponding period in the previous financial year 2079/80.

Notably, the company witnessed an increase in its insurance fund liability, soaring by almost 4.76 percent, amounting to Rs. 87.41 crores until Q1 80/81.Simultaneously, the total investment and income of CIT have risen by 13.52 percent and 14.60 percent, respectively. As of Q1 FY 2080/81, CIT's investments amounted to Rs. 2.26 Kharba, generating a total income of Rs. 45.91 crores.

The company's annualized earnings per share (EPS) has seen a decline, standing at Rs. 19.94, coupled with a reduced net worth per share at Rs. 159.79 in the first quarter of FY 2080/81. Closing at Rs. 1,865 at the end of Q1 FY 2080/81, CIT's stock price translates to a price-to-earnings (PE) ratio of 93.53 times.

The return on investment (ROI) for CIT has shown improvement, marking 9.45 percent up to Q1 FY 2080/81, as opposed to 9.38 percent during the corresponding quarter of FY 2079/80.