Global IME Laghubitta Improves Major Financial Indicators In Q2

Jan 23, 2020 10:19 AM Merolagani

Global IME Laghubitta Bittiya Sanstha (GILB) has increased its net profit by 301 percent to Rs 78.7 million in the second quarter of the current FY compared to Rs 19.6 million of the corresponding period of the last FY.

Increase in net interest income and operating income is attributed to an increase in net profit of the company during the period. In the review period, the net interest income of company increased by Rs 91.9 million to Rs 143.7 million and operating profit by Rs 94.5 million to Rs 123.6 million compared to the review period of the last FY.

The company with Rs 259.5 million in paid-up capital has reserve fund of Rs 166 million. During the period, the company collected deposit of Rs 1.20 billion, borrowed Rs 3.05 billion and extended loan of Rs 4.05 billion.

During the review period, the company maintained non-performing loan of 0.99 percent, EPS of Rs 60.65, P/E ratio of 18.47 times and net worth per share of Rs 163.98.

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