Shine Resunga Increases Net Profit by 32.38%

Nov 18, 2019 12:48 PM Merolagani

Shine Resunga Development Bank (SHINE) has increased its net profit by 32.38 percent to Rs 124.7 million in the first quarter of the current FY compared to Rs 96.3 million of the corresponding period of the last FY.

In the review period, the bank collected deposit of Rs 26.85 billion and extended loan of Rs 23.40 billion. The bank earned Rs 327.5 million in net interest income during the period.

The bank with Rs 2.62 billion in paid-up capital has reserve fund of Rs 59.72 million. The bank has non-performing loan of 0.45 percent.

The bank maintained EPS of Rs 19.12, net worth per share of Rs 146.50 and P/E ratio of 13.23 times during the period.

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