NewBiz Report
KATHMANDU, August 11

The Citizen Investment Trust (CIT) reported a net profit of around Rs 1.1 billion in the last fiscal year, 2023/24, a 9.91% decline than that in the previous fiscal year 2022/23.

It had made a net profit of around Rs 1.22 billion in the previous fiscal year.

In the last fiscal year, CIT’s total income increased by 5.25% to around Rs 1.92 billion, while expenses rose by 2.72% to around Rs 455 million, its unaudited financial statement for the fourth quarter, published recently, shows.

Similarly, the company's paid-up capital stands at around Rs 5.31 billion.

Established on March 18, 1991, Citizen Investment Trust is a statutory institute under the Citizen Investment Trust Act, 2047, and operates as a public financial organisation owned by the Government of Nepal.