Shine Resunga comes in with a net profit of Rs 9.67 crore

Shine Resunga Development Bank Limited (SHINE) has posted increase in net profit oby 48.61 percent in the first quarter of the fiscal year 2075/76.

As per the unaudited financial report for the first quarter published today, the development bank has stated that it has accumulated net profit of Rs 9.67 crore in the Q1 up from Rs 6.50 crore in the corresponding period of previous fiscal year report.

Its net interest income increased to Rs 20.13 crore in Q1 from Rs 14.60 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 15.25 arba while it has mobilized loans and advances of Rs 13.57 arba in Q1.

SHINE has a paid up capital of Rs 1.32 arba and reserve of Rs 42.81 crore.

Its Earnings per Share (annualized) stands at Rs 23.85 and net worth per share stands at Rs 126.39.