Grameen Bikas Laghubitta Increases Net Profit by Rs 10 Mn

Nov 16, 2018 Merolagani

Grameen Bikas Laghubitta (GBLBS) has earned a net profit of Rs 29 million in the first quarter of the current FY compared to Rs 18 million of the corresponding period of the last FY.

The company with Rs 655 million in paid-up capital has reserve fund of Rs 337.4 million. During the period, the company collected deposit of Rs 2.84 billion, borrowed Rs 4.72 billion and extended loan of Rs 9.09 billion.

During the period, the company earned Rs 374.7 million in interest income and spent Rs 180.2 million in interest expenses, thus, earning Rs 194.5 million in net interest income.

The company has however, huge bad debt ratio of 4.82 percent. in the review period, the company maintained EPS of Rs 17.76, net worth per share of Rs 151.52 and P/E ratio of 29.17 times.

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