Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Election is announced...What is your idea?Please comment
by Bakka1988 Today at 11:11 pm

» Positive News
by Promoney Today at 9:16 pm

» AAIC - Profit over one billion!!!!!
by wisdom79 Today at 9:12 pm

» Market again heading to 4800? :D
by Arrowrisk Today at 7:53 pm

» Massive Fraud At AEL subsidiry
by roshan1039 Today at 7:11 pm

» LOTUS TOWER economy
by Teller Today at 4:41 pm

» CFVF.N0000 -Deal to be happned on Next week?
by Teller Today at 4:12 pm

» RWSL can hit 3.10 LKR
by Teller Today at 4:06 pm

» Look PAP Amazing company
by Teller Today at 4:01 pm

» GOOD SHARES TO BUY
by Teller Today at 10:19 am

» BIL පුපුරා යාමට ආසන්නයි
by Equityinvestor Today at 9:43 am

» AEL Target price Rs 24
by rukshan1234 Yesterday at 11:35 pm

» TKYO X Target prce Rs.32.50
by rukshan1234 Yesterday at 11:31 pm

» Bansei Royal Resorts BRR up 23%
by Invest-Wise Yesterday at 4:52 pm

» RAL....RAL, Renuka Agri
by nirowat Yesterday at 3:33 pm

» Just About Prima Glass – GLAS
by KOLAA Yesterday at 1:18 pm

» LOOKOUT FOR SIRA
by Eugine Fernando Yesterday at 12:51 pm

» SEMB.N predictions
by 4Corners Yesterday at 10:14 am

» FORUM POLITICIANS
by CITIZEN Yesterday at 10:10 am

» After Advanced level what is
by lankaspeaker Yesterday at 9:57 am

» PRESIDENT ELECTION
by Ahcha Yesterday at 7:21 am

» Why AAIC Should trade above RS.50/-
by wisdom79 Mon Sep 16, 2019 7:56 pm

» Stupid fucking UNP and ranils ass hole economics
by samaritan Mon Sep 16, 2019 7:14 pm

» KAPI (MDT Walkers PLc)
by samaritan Mon Sep 16, 2019 7:12 pm

» Learn To Invest Yourself.
by Asoka Samarakone Mon Sep 16, 2019 5:56 pm

» DIVIDEND UPDATES Link
by Beta1 Mon Sep 16, 2019 3:12 pm

» lOFC definitely will hit 6/-
by Teller Mon Sep 16, 2019 1:04 am

» Renuka managemnt Treat SH as Trash
by Sanju121 Sun Sep 15, 2019 5:36 pm

» Blue Diamonds Voting & Non Voting
by Ahcha Sun Sep 15, 2019 6:35 am

» MULL trade up possibilities
by crs Sat Sep 14, 2019 7:22 pm

» MARA marai
by SECsux Fri Sep 13, 2019 6:22 pm

» SLTL REVALUATION OF ASSETS IS ON............
by Eng Krishantha Fri Sep 13, 2019 5:06 pm

» LIOC shares
by lakmal Fri Sep 13, 2019 12:47 pm

» JKH will touch 175 very soon
by Rare Fri Sep 13, 2019 11:10 am

» ඇවන්ගාඩ් අල්ලස් නඩුවෙන් ගෝඨාභය නිදහස්
by samansilva Fri Sep 13, 2019 12:25 am

» Invest AEL and TKYO return more than 30%...
by samaritan Thu Sep 12, 2019 5:15 pm

» Watch Out for MAL.X
by Cricketman Thu Sep 12, 2019 1:56 pm

» LOOKOUT FOR GLASS
by Sanju121 Thu Sep 12, 2019 1:02 pm

» NEXT RUN LDEV
by Sanju121 Thu Sep 12, 2019 12:28 pm

» BIL. N mandatory offer at Rs 6.80
by Equityinvestor Thu Sep 12, 2019 12:05 pm

» PAP vs RAL
by Teller Thu Sep 12, 2019 11:04 am

» RAL AND KZOO
by Ahcha Thu Sep 12, 2019 10:40 am

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by ThilinaM Thu Sep 12, 2019 9:56 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » NDB reports non sustainable profit

NDB reports non sustainable profit

Go down  Message [Page 1 of 1]

1NDB reports non sustainable profit Empty NDB reports non sustainable profit on Sun May 18, 2014 2:35 pm

Deshadaya


Stock Analytic
Stock Analytic
Sri Lanka NDB Bank net up 135-pct Very Happy 

Watch out! Don’t get carried away.

Profits at Sri Lanka's National Development Bank rose 135 percent from a year earlier to 1.19 billion rupees in the March 2014 quarter, amid positive loan growth, interim accounts showed.

How can the profit increase by 135% when a 6 percent loan and net interest income growth?
Interest income rose 3 percent to 5.1 billion rupees in the quarter and interest expenses fell 3 percent to 3.2 billion rupees and the bank grew net interest income 16 percent to 1.86 billion rupees.
Loan losses were 125 million rupees, up from 23 million rupees.
Then how can the profit increase by 135%?
Fee income rose 54 percent to 594 million rupees. Trading gains rose 68 percent to 716 million rupees.
Mr.R.T. the retired defunct MD of HNB tried the same thing at HNB.

Watch out! Don’t get carried away.
 bounce 

2NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Sun May 18, 2014 7:03 pm

lux2014

lux2014
Manager - Equity Analytics
Manager - Equity Analytics
So, basically income has come from Fee Income and Trading Gains?

3NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Sun May 18, 2014 7:15 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
May I request to add the financial statements file as of 31st March, 2014 please. Thz

4NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Sun May 18, 2014 8:19 pm

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/386_1400233938541.03.2014.pdf

interest income up by 16%.

I think overall result is good.

5NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Sun May 18, 2014 9:43 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks Schemer for sending the file.

I browsed the bank report quickly not the group results. Apparently, for comparison purpose other income recorded for both quarters are eliminated.

31.03.2014 31.03.2013 Change

Net Operating Income
3,056,728 8,039,959
Other Operating Income
(288,305) (6,054267)
Adjusted NOI
2,768,423 1,985,693 139%

The huge amount registered in 2013 as other operating income is the gain on disposal of insurance segment, (if I am not mistaken). Such type of transactions are not directly associated with bank core operational activities. Reinstate of numbers for interpreting the financial statements is must. Current presentation is in compliance with the listed requirements.
Comments please.

6NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Sun May 18, 2014 10:15 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I don't think anything wrong with performance, see the Fees commission, and Trading Income of Comm, Samp & HNB as well, they also have considerable portion.

For last two to three year i saw the change in the NDB's platform, they targeted more on the retail segment, compare to the prior period.

Kindly note my investment in the banking sector mostly concentrate with Commercial.

7NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Mon May 19, 2014 10:31 pm

Deshadaya


Stock Analytic
Stock Analytic
Don't buy the share thinking the profit has increased by 135%.It is not sustainable.

8NDB reports non sustainable profit Empty Re: NDB reports non sustainable profit on Tue May 20, 2014 7:44 am

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
NDB has potential to hit above 245/= within few months.lets observe.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum