Shine Resunga profit surges by Rs. 1.51 crores in Q1, NPA only 0.60%
Thu, Nov 6, 2014 12:00 AM on Financial Analysis,
ShareSansar, November 6:
Shine Resunga Development Bank Limited net profit grew up by 62.14 percent in the first quarter of the current fiscal year 2071/72.
According to an unaudited first quarterly report of the finance company published today, its net profit rises to Rs. 3.93 crore, up from Rs. 2.42 crore in the corresponding quarter last year.
Bank’s able to maintain its NPA to very much nominal level of 0.60% which is a very good sign.
The company has been able to mobilize Rs 5.13 arba in deposits and Rs. 4.55 arba in loan and advances.
Also, the net interest income grows by almost 50% which signals a sound financial position with consistent business growth. Its net income stands at Rs.8.10 crore up from Rs.5.45 crore last fiscal year.
Nonetheless, its EPS stands at Rs 27.36 and it’s per share net worth is at Rs 137.47.
Earlier, Shine Resunga Development Bank has proposed 10 percent bonus share and 12 percent cash dividend to its shareholders for the last fiscal year 2070/71.
