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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CDB Q1 profits up 30%

CDB Q1 profits up 30%

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1CDB Q1 profits up 30% Empty CDB Q1 profits up 30% Wed Aug 14, 2013 8:24 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Citizens Development Business Finance PLC (CDB) reported a net profit of Rs. 135 million for the quarter ended June 30, 2013 up 30 percent from a year earlier while profit before tax grew 43 percent to Rs. 169 million.

Total comprehensive income amounted Rs. 220 million. Revenue surpassed the Rs. 1 billion mark during the quarter recording a figure of Rs. 1,383 million reflecting a growth of 54 percent compared to the corresponding previous quarter. Net interest income grew by 52 percent on the same basis recording a figure of Rs 541million, the company said in a statement announcing its interim financial results.

During the quarter, the asset base grew 8.5 percent from the previous financial year ending 31 March 2013, thus surpassing the Rs26Bn mark. The loan book grew by 9.3 percent recording a figure of Rs 21.2 Bn while the deposit base grew by 9.2 percent recording a figure of Rs. 19.4Bn. Earnings per share for the quarter recorded a figure of Rs 2.49 whilst net assets value per share stood at Rs 56.61 as at 30th June 2013. CDB holds strong capital position with capital adequacy ratio of 13.98 percent (Tier I & II) which is well above the minimum requirement (Tier I – 5 percent & Tier II – 10 percent) stipulated by the Central Bank of Sri Lanka. Capital Funds to total deposit liabilities stood at 15.88 percent against the Central Bank requirem. percent. Shareholders’ funds stand at 3Bn. CDB’s liquidity ratio stood at 12.66 percent.

The results posted for the first quarter of 2013/14 are seen as a continuation of the growth in financial results posted during the previous financial year. CDB also opened 3 new outlets expanding online connected distribution network to 47.

2CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 8:37 am

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote:Citizens Development Business Finance PLC (CDB) reported a net profit of Rs. 135 million for the quarter ended June 30, 2013 up 30 percent from a year earlier while profit before tax grew 43 percent to Rs. 169 million.

Total comprehensive income amounted Rs. 220 million. Revenue surpassed the Rs. 1 billion mark during the quarter recording a figure of Rs. 1,383 million reflecting a growth of 54 percent compared to the corresponding previous quarter. Net interest income grew by 52 percent on the same basis recording a figure of Rs 541million, the company said in a statement announcing its interim financial results.

During the quarter, the asset base grew 8.5 percent from the previous financial year ending 31 March 2013, thus surpassing the Rs26Bn mark. The loan book grew by 9.3 percent recording a figure of Rs 21.2 Bn while the deposit base grew by 9.2 percent recording a figure of Rs. 19.4Bn. Earnings per share for the quarter recorded a figure of Rs 2.49 whilst net assets value per share stood at Rs 56.61 as at 30th June 2013. CDB holds strong capital position with capital adequacy ratio of 13.98 percent (Tier I & II) which is well above the minimum requirement (Tier I – 5 percent & Tier II – 10 percent) stipulated by the Central Bank of Sri Lanka. Capital Funds to total deposit liabilities stood at 15.88 percent against the Central Bank requirem. percent. Shareholders’ funds stand at 3Bn. CDB’s liquidity ratio stood at 12.66 percent.

The results posted for the first quarter of 2013/14 are seen as a continuation of the growth in financial results posted during the previous financial year. CDB also opened 3 new outlets expanding online connected distribution network to 47.
This is such an under-valued company! If you consider the sector PBV, this share is worth close to 60! (currently at 42)

I wouldnt be surprised if it reached 60 during the next few months (30% growth)

3CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 9:05 am

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i like this share so much. i never lost even a cent with this .

4CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 9:07 am

K.Haputantri

K.Haputantri
Co-Admin
Harry82, pl give your source.

5CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 9:14 am

dudi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
sounds like CDB is a beauty

6CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 11:49 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=85758

7CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 11:53 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Harry,

cannot ask every time. Always post the source .



@Harry82 wrote:http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=85758

8CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 11:56 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Balanced_Views ,

i also said that

9CDB Q1 profits up 30% Empty Re: CDB Q1 profits up 30% Wed Aug 14, 2013 12:16 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote: Balanced_Views ,

i also said that
Yes, must collect this

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