Shine Resunga Reports 82.97% Rise in Net Profit for Q4; Operating Profit Reaches Rs. 1.73 Arba
Summary
Shine Resunga Development Bank reported a net profit of Rs. 1.18 arba in the fourth quarter of FY 2082/83, up 82.97% year-on-year. Stronger net interest income, lower funding costs and improved efficiency lifted operating profit to Rs. 1.73 arba.
Key Points
- Shine Resunga Development Bank Limited posted a net profit of Rs. 1.18 arba in Q4 FY 2082/83, an 82.97% rise from the previous year.
- Net interest income rose 6.90% to Rs. 2.82 arba, while deposits and loans & advances increased by 8.48% and 11.18%, respectively.
- Operating profit nearly doubled to Rs. 1.73 arba, supported by lower impairment charges and improved cost of funds.
- Earnings per share climbed to Rs. 23.52, and the bank’s capital adequacy ratio improved to 13.70%.
