Sunrise Bank Raises Net Profit by 12.47%

Nov 01, 2021 12:25 PM Merolagani



Sunrise Bank (SRBL) has earned a net profit of Rs 430.7 million in the first quarter of the current FY. The net profit increased by 12.47 percent compared to Rs 382.9 million of the review period of the last FY.

Although, the bank logged a decline in net interest income, an increase in operating and non-operating income helped to boost its net profit during the period.

 In the review period, its net interest income decreased by 0.51 percent. Meanwhile, its operating profit increased by 6.40 percent and net fee and commission fee increased by 7.97 percent.

The bank logged a distributable profit of Rs 67.1 million during the period..

During the period, the bank increased reserve fund by  7.22 percent.  Similarly, its deposits increased by 20.52 percent and loan extensions by 13.18 percent.

In the review period, it has EPS of Rs 18.16, P/E ratio of 17.18 times and net worth per share of Rs 159.69.

 




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