Net Profit of Global IME Laghubitta Increases 333%

Jul 25, 2019 12:03 PM Merolagani

The net profit of Global IME Laghubitta (GILB) has increased by 333 percent to Rs 68 million in the fourth quarter of the last FY compared to Rs 15.7 million of the corresponding period of the previous FY.

Similarly, the company also increased its reserve fund by 436.50 percent to Rs 82.8 million and paid-up capital by 70 percent to Rs 187.8 million.

During the period, the company increased its net interest income by Rs 85.6 million to Rs 143.1 million compared to Rs 57.5 million. In the review period, the company collected deposit of Rs 874.6 million and extended loan of Rs 3.18 billion.

The company recorded EPS of Rs 61.62, net worth per share of Rs 175 and P/E ratio of 19.51 times. The company is issuing 100 percent right shares from August 6, after which, the paid-up capital of the company will reach Rs 220.9 million.

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