Swabalamban again reports astounding profit rise of 152% in Q1, EPS is Rs.135

ShareSansar, November 12:

Like previous quarter of last fiscal year, Swabalamban Bikas Bank Limited (SWBBL)has reported a massive rise in net profit in the first quarter of the current fiscal year 2071/72.

Publishing the unaudited quarterly report for the first quarter today, the bank has stated that it has posted a profit rise of 152 percent in the quarter as its net profit rose to Rs 5.08 crore, up from Rs 2.01 crore in the corresponding quarter last fiscal year.

The bank net interest income has surged to Rs 17.34 crore, up from Rs 10.75 crore in the first quarter of the last fiscal year.

Similarly, the bank collected Rs 1.71 arba in deposits and borrowed Rs 2.45 arba; whereas during the same time the company has been able to mobilized Rs 4.05 arba in loan and advances.

The bank also recovered Rs 2.42 lakh as the write back of the amount provisioned for the possible losses.

The bank’s non-performing loan has decreased to 0.43 percent in the Q1 compared to previous quarter 1.09 percent.

Bank annualized EPS stands at Rs 135 and net worth is Rs 379.

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