Net Profit of Global IME Laghubitta Increases Three Times

Oct 30, 2018 Merolagani

The indicators of Global IME Laghubitta (GILB) in its first quarterly report of the current FY have been positive. The company with stable paid-up capital has significantly decreased its bad debt while improved its earnings per share

In the review period, the company has raised its net profit by nearly three times compared to the corresponding period of the last FY. In the last FY, it had earned a net profit of Rs 2.7 million while it has earned a net profit of Rs 7.6 million in this quarter.

Similarly, its paid-up capital has been stable in Rs 96 million and has increased its EPS to Rs 31.73 compared to Rs 11.39 of the last FY.

In the review period, the company collected deposit of Rs 450 million, borrowed Rs 1.30 billion and extended loan of Rs 1.63 billion.

The interest income of the company has also increased to Rs 21.9 million from earlier Rs 11.2 million. The company earned an operating profit of Rs 11.3 million which was Rs 3.6 million in the last FY.

The company that increased its reserve fund by three times has net worth per share of Rs 156.23 and bad debt of 0.51 percent in the review period.

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