Laxmi Sunrise Bank Sees Significant Growth in Profit and Earnings Per Share

Laxmi Sunrise Bank Limited (LSL) has recently published its unaudited financial report for the fourth quarter of fiscal year 2081. The report indicates notable growth in both the bank's net profit and earnings per share (EPS).

Key Financial Highlights:

• Net Profit: By the end of Asar 2081, the bank earned a net profit of NPR 3.03 billion, which is an increase of 32.79% compared to the same period last year. Last year, the bank had a net profit of NPR 2.28 billion during the same period.

• Net Interest Income: The bank's net interest income increased by 103.97%, making a significant contribution to the bank's overall profit growth.

• Fee and Commission Income: The bank's net fee and commission income increased by 94.66%, further strengthening its operating income.

• Operating Income and Profit: The bank's total operating income increased by 90.50%, reaching NPR 3.35 billion, while operating profit grew by 35.99%.

• Earnings Per Share (EPS): The bank's EPS increased by NPR 2.54, reaching NPR 13.09, indicating an improvement in the bank's financial performance.

• Distributable Profit: By the end of Asar, the bank's distributable profit was NPR 1.28 billion, with a distributable EPS of NPR 5.55.

Financial Position:

Laxmi Sunrise Bank has a paid-up capital of NPR 23.18 billion and a reserve fund of NPR 17.57 billion. During the review period, the bank's deposits grew by 11.03% to NPR 35.28 billion, while loans increased by only 1.01% to NPR 28.42 billion.

Laxmi Sunrise Bank has shown significant financial improvement in the fourth quarter of fiscal year 2081. The growth in interest income, operating profit, and the improvement in EPS have strengthened the bank's long-term financial stability. The bank is expected to maintain this momentum in the coming days.