CDB records Rs 630m PAT
Citizens Development Business Finance PLC (CDB) has posted a post tax
profit of Rs 630m for the FY2011/12. It is a growth of 19 percent
compared to the corresponding financial year.
Core business bottom-line results for the year and Q4 excluding mark
to market gains showed a growth of 158 percent and 540 percent.
The top line grew by 29 percent surpassing the Rs. 2.8 b mark. CDB's
net interest income gained 53 percent to Rs.1,248m during the period
under review. Earnings per share (EPS) are recorded at Rs.13.10.
The Balance Sheet saw growth of 61.88 percent primarily fuelled by a
loan book growth of 68.66 percent to reach Rs.13.2b, while the deposit
portfolio increased by 52.08 percent to stand at Rs. 11.39b. Total
assets are detailed at Rs. 16.5b as at the year end.
The year end Capital Adequacy Ratio now stands well above the
required regulatory requirement of 10 percent, showcased at 17.03
percent, while capital funds recorded strength, at a comfortable level
of Rs. 2.29b. Asset quality remained strong, recording a net NPL ratio
of 0.37 percent.
The statutory liquidity ratio is 13.30 percent. The net asset value
per share is at Rs.44.15 as at the year end.
The CDB Board of Directors has proposed a first and final dividend of
Rs.2.50/= per share, comprising cash and script, subject to approval by
the shareholders and the CSE.