Global IME Laghubitta Raises EPS along with Profit

Nov 01, 2023 10:11 AM Merolagani



Global IME Laghubiita Bittiya Sanstha (GILB) has published first quarter report of the current FY.

As per the report, its net profit and EPS have increased compared to the corresponding period of the last FY.

In the review period, the company earned net profit of Rs 34 million which is 27.15 percent growth compared to Rs 26.7 million of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in net profit.

In the review period, the company raised its net interest income by 13.85 percent and net fee and commission income by 3.89 percent. similarly, its operating income increased by 12.22 percent and operating profit by 26.74 percent.

However, the company has logged distributable loss of Rs 6.7 million. 

Along with its net profit, its EPS increased by Rs 2.62 to Rs 21.98. during the period, it maintained P/E ratio of 39.76 times and net worth per share of Rs 181.50.

The company with Rs 618.9 million in paid-up capital has reserve fund of Rs 504.3 million. The company collected deposit of Rs 3.23 billion and extended loans of Rs 7.62 billion.