Grameen Bikas Laghubitta Raises EPS to Rs 34.64

Feb 04, 2019 Merolagani

Grameen Bikas Laghubitta (GBLBS) has maintained EPS of Rs 34.64 in the second quarter of the current FY compared to Rs 29.91 of the corresponding period of the last FY. The EPS increased by Rs 4.73 during the review period.

Similarly, the company is also strengthening its reserve fund during the period. The company increased its reserve fund by Rs 15.4 million in the review period. During the period, the company earned a net profit of Rs 113.4 million compared to Rs 97.9 million of the last FY.

The company with Rs 655 million in paid-up capital increased its reserve fund by 61 percent to Rs 384.1 million.

In the review period, the company collected deposit of Rs 2.97 billion, borrowed Rs 4.75 billion and extend loan of Rs 9.17 billion.

During the period, the company maintained cost of fund of 9.29 percnet while increased its net interest income by 10 percent to Rs 445.4 million.

The company was able to recover Rs 35.5 million bad debt during the period. The company has bad debt ratio of 4.5 percent,  net worth per share of Rs 158.65 and P/E ratio of 12.27 times.

 


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