Gurans Laghubitta Increases Net Profit by 291.39%

Aug 06, 2019 12:30 PM Merolagani

Gurans Laghubitta (GLBSL) has earned a net profit of Rs 14.8 million in the fourth quarter of the last FY. The net profit increased by 291.39 percent compared to Rs 3.7 million of the corresponding period of the previous FY.

In the review period, the company that raised its paid-up capital to Rs 77.5 million by issuing IPO of Rs 25 million has a reserve fund of Rs 17.7 million.

In the review period, the company collected deposit of Rs 106.2 million, borrowed Rs 518.7 million and extended loan of Rs 684.7 million. During the period, the company earned net interest income to Rs 40.6 million.

The company maintained a non-performing loan of 2.70 percent, EPS of Rs 19.17,  net worth per share of Rs 122.87 and P/E ratio of 20.86 times.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM