Global IME Bank Earns Rs 1.22 Arba until Q1, Profit Grows by 3 Percent
November 3, 2023 | Investopaper
Global IME Bank Limited (GBIME) has reported profit growth of 3 percent in the first quarter of the fiscal year 2080/81. The bank posted a net profit of Rs. 1.22 Arba, up from Rs. 1.18 Arba in the corresponding period of the previous year.
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Dividend History Of Global IME Bank Limited (GBIME)
Global IME Bank’s Performance In FY 2079/80
Due to the increment in the net interest income by 50 percent, the profit also increased in the first quarter. Global IME Bank earned a net interest income of Rs. 4.80 Arba until the first quarter.
As of Ashwin’s end 2080 BS, the bank has a paid-up capital of Rs. 35.77 Arba with reserve and surplus of Rs. 24.42 Arba. Similarly, the bank has collected deposits of Rs.443 Arba from the customers and floated loans of Rs. 357.37 Arba.
With the rise in the profit, the EPS is at Rs. 13.71 and per-share net worth is Rs. 168.3. The non-performing loans has increased to 4.38 percent while the base rate has fallen to Rs 10.07 percent.
The unaudited first-quarter report of Global IME Bank is summarized in the table below:
Global IME Bank Limited (GBIME): First Quarterly Report Summary, FY 2080/81
| Financial Indicators | Q1, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid-up capital (Rs. ‘Arba’) | 35.77 | 35.77 | 0.00 |
| Reserve and Surplus (Rs. ‘Arba’) | 24.42 | 22.91 | 6.59 |
| Deposits From Customers (Rs. ‘Arba’) | 443 | 426.32 | 3.91 |
| Loans & Advances To Customers (Rs. ‘Arba’) | 357.37 | 356.39 | 0.27 |
| Financial Indicators | Q1, F.Y. 2080/81 | Q1, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs. ‘Arba’) | 4.8 | 3.2 | 50.00 |
| Operating Profit (Rs. ‘Arba’) | 1.79 | 1.69 | 5.92 |
| Net Profit (Rs. ‘Arba’) | 1.22 | 1.18 | 3.39 |
| Distributable Profit (Rs. ‘Arba’) | 3.32 | – | – |
| Non Performing Loans, NPL(%) | 4.38 | 2.1 | 108.57 |
| Base rate (%) | 10.07 | 10.19 | -1.18 |
| Earnings Per Share, EPS(Rs.) | 13.71 | ||
| Networth Per Share ( Rs.) | 168.3 | ||
| Market Price Per Share (Rs.) [Ashwin end, 2080 BS] | 202 | ||
| P/E Ratio | 14.73 |
Source: Unaudited Q1 report, FY 2080/81
Note:
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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