Gandaki Bikas Bank reports 38.43% net profit rise in Q4; Shine Resunga earns Rs 12.40 cr
Fri, Feb 5, 2016 12:28 PM on Latest, Financial Analysis, Featured, Stock Market,
Gandaki Bikas Bank Limited (GDBL)’s net profit has increased by 38.43% in Q2.The development bank has posted a net profit of Rs 5.75 crore for the first quarter of the fiscal year 2072/73 up from 4.16 Rs crore in the corresponding quarter of the fiscal year 2071/72.
According to an unaudited financial report published today, the development bank has has mobilized deposits of Rs 5.03 arba in the second quarter compared to Rs 3.67 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 4.05 arba, up from Rs3.21 arba of corresponding quarter last year.
Its net interest income increased from Rs 9.84 crore to Rs 11.61 crore in Q2. The bank has paid up capital of Rs 43.29 crore.
The development bank’s Non-Performing Loan (NPL) dropped to 0.22% in Q2 from 0.44% in the corresponding quarter. Its CD ratio stands at 72.41% in Q2.
Its EPS stands at Rs 26.61, net worth per share at Rs131.57 and P/E ratio is at 13.86 times.
Shine Resunga Development Bank Limited (SHINE) has reported 44.32 percent rise in net profit in the second quarter of the ongoing fiscal year.
Publishing its unaudited financial report for the second quarter today, the development bank based in Tamghas, Gulmi has stated that its net profit rose to Rs 12.40 crore, up from Rs 8.59 crore in the corresponding quarter last fiscal year.
Its deposit mobilization rose from Rs 5.60 arba to Rs 6.73 arba and it has succeeded in extending Rs 6.07 arba in loan, up from Rs4.92 arba in the second quarter.
Its net interest income has surged to Rs 20.32 crore from Rs 16.96 crore in the corresponding quarter last fiscal year.
It has also managed to write back Rs 1.93 crore by the end of the second quarter.
Shine Resunga’s non-performing loan (NPL) has decreased from 0.79 percent to 0.34 percent in the second quarter of the current fiscal year.
Its EPS stands at Rs 30.85 and net worth per share at 130.51.
It has a paid up capital of Rs 80.43 crore and Reserve of Rs 24.53 crore.
The development bank’s Non-Performing Loan (NPL) dropped to 0.22% in Q2 from 0.44% in the corresponding quarter. Its CD ratio stands at 72.41% in Q2.
Its EPS stands at Rs 26.61, net worth per share at Rs131.57 and P/E ratio is at 13.86 times.
Shine Resunga Development Bank Limited (SHINE) has reported 44.32 percent rise in net profit in the second quarter of the ongoing fiscal year.
Publishing its unaudited financial report for the second quarter today, the development bank based in Tamghas, Gulmi has stated that its net profit rose to Rs 12.40 crore, up from Rs 8.59 crore in the corresponding quarter last fiscal year.
Its deposit mobilization rose from Rs 5.60 arba to Rs 6.73 arba and it has succeeded in extending Rs 6.07 arba in loan, up from Rs4.92 arba in the second quarter.
Its net interest income has surged to Rs 20.32 crore from Rs 16.96 crore in the corresponding quarter last fiscal year.
It has also managed to write back Rs 1.93 crore by the end of the second quarter.
Shine Resunga’s non-performing loan (NPL) has decreased from 0.79 percent to 0.34 percent in the second quarter of the current fiscal year.
Its EPS stands at Rs 30.85 and net worth per share at 130.51.
It has a paid up capital of Rs 80.43 crore and Reserve of Rs 24.53 crore.
