Sunrise Bank’s free profit increases by 11.54%; Bank registers balanced performance in the FY 2074/75
Wed, Aug 15, 2018 7:58 AM on Financial Analysis, Latest, Stock Market,
Sunrise Bank has published a Q4 report of the fiscal year 2074/2075. As per the Nepal Financial Reporting Standards (NRFS) Reserve & surplus has increased by 53.09% to Rs 4.68 arba this quarter comparing to the corresponding quarter of last fiscal year. The free profit has increased by 11.54% from Rs 1.17 arba to Rs 1.31 arba and as a result the dividend % could increase in this fiscal year. Comparing to corresponding quarter of last fiscal year, Operating profit and Net profit has a satisfactory growth of 26.37% and 29.03% as shown in the table below.
| Particulars (in 000) | Q4 of 2074/2075 | Q4 of 2073/2074 | Difference |
|---|---|---|---|
| Paid-Up capital | 8152556 | 7018105 | 16.16% |
| Reserve &Surplus | 4685457 | 3060521 | 53.09% |
| Loan & Advances | 61644847 | 51913510 | 18.75% |
| Deposit | 69493018 | 61166974 | 13.61% |
| Net Interest Income | 2890227 | 2316063 | 24.79% |
| Operating Profit | 2359338 | 1867072 | 26.37% |
| Net Profit | 1631193 | 1264155 | 29.03% |
| Free Profit after Regulatory adjustment | 1311768 | 1176089 | 11.54% |
Loan & advances, deposit and paid-up capital has shown a decent growth this year.
Key Financial ratios
| NPL to total loan | 1.28% | 1.37% | -6.57% |
| Diluted Annualized EPS ( in Rs ) | 16.09 | 16.76 | -4.00% |
| Net Worth Per Share (in Rs) | 157.47 | 143.6 | 9.66% |
| RoA | 1.94% | 1.70% | 14.12% |
EPS has decreased as well as the Non-performing loan has decreased. Return on Asset and Net worth per share has increased by decent number as shown in the table above.
The LTP of the Sunrise Bank’s stock stand at Rs 221 and the latest P/E stand is 13.09.
