Shine Resunga Development Bank has published first quarter report of FY 2075/76.It has reported surge in net profit by 48.61% in Q1.
As per the published report, the development bank has reported increased in net profit to Rs.9.67 crore in this Q1 from Rs.6.50 crore in the same period of last fiscal year 2074/75.
During the period the bank has collected deposit of Rs.15.25 arba & disbursed in loan & advances of Rs.13.57 arba. It has borrowing of Rs.65 crore. Deposit increased by 39.50% & loan expansion increased by 40.59% in the comparing period.
Its net interest income increased to Rs.20.13 crore in Q1 from Rs.14.60 crore in the last corresponding quarter. Operating profit increased to Rs. 15.01 crore from Rs.9.76 crore in the last year. Operating profit grown by 53.68% in the comparing period.
Its paid up capital is Rs.1.62 arba with reserves of Rs.42.82 crore.
Its non performing loan stands at 0.11% from 0.53% from the last year. Cost of fund at 8.04% and credit to deposit is 78.51%.
Annualized earning per share is Rs.23.85. Net worth per share is Rs.126.69. PE ratio stands at 9.85 times.
