Shine Resunga Development Bank Limited has published second quarter report of this FY showing downfall in Net profit by 8.76% to 15.14 crore from 16.59 crore from previous FY corresponding quarter.
Major reason to decrease in net profit is due to increased in staff expenses & decreased in net interest income.
Bank has paid up capital is increased by 25% to 1.37arba. Reserve also increased by 16.52%. It had distributed 25% bonus shares from income of FY 2073/74.
Bank has collected 11.94 arba & floated in loan & advance 10.49 arba.
Major income of bank net interest income is decreases to 3.07%. Staff expenses increases by 78.45% to 2.86 crore.
CD ratio of bank is 76.34% which means nearly all sources of fund are mobilize to generate income.
Improvement in non-performing loan, NPL is decreased by 51.43%. Annualized EPS is 21.97 which is decrease by 27.01%.
Net worth per share is 130.51 & PE ratio stand at 13.66.
