April 28, 2021 | Investopaper
Global IME Bank Limited (GBIME) has reported a rise in net profit by 32 percent until the third quarter of this fiscal year 2077/78. The bank earned a net profit of Rs. 3.57 Arba in the nine months period. Last year, Global IME Bank had earned Rs.2.70 Arba in net profit during the same period.
The operating profit of the bank increased by almost 33 percent to Rs. 5.03 Arba. The rise in profit is mainly due to the increase in net interest income. The net income inclined by 14.50 percent to Rs 6.87 Arba. In the corresponding period of the previous year, the bank had earned Rs. 6 Arba as the net interest income.
The Nonperforming Loans (NPL) has increased to 1.61 percent while the base rate has fallen to 6.40 percent.
As of Chaitra end 2077 BS, the bank has collected Rs. 244.3 Arba in deposits from the customers. Likewise, it has floated the loans of Rs. 222.9 Arba to the customers.
At the current capital of Rs. 21.63 Arba, the annualized EPS stands at Rs. 22.05. Similarly, the per-share networth is Rs. 148.92.
See the summarized version of the third-quarter report in the table below:
Global IME Bank (GBIME): Third Quarterly Report Summary, F.Y. 2077/78
|Financial Indicators||Q3, FY 2077/78||Q4, FY 2076/77||Percent Change|
|Paid up capital (Rs. ‘Arba’)||21.63||18.97||14.02|
|Reserve and Surplus (Rs. ‘Arba’)||10.58||9.85||7.41|
|Deposits From Customers (Rs. ‘Arba’)||244.3||212.31||15.07|
|Loans & Advances To Customers (Rs. ‘Arba’)||222.9||190.33||17.11|
|Financial Indicators||Q3, FY 2077/78||Q3, FY 2076/77||Percent Change|
|Net Interest Income (Rs. ‘Arba’)||6.87||6||14.50|
|Operating Profit (Rs. ‘Arba’)||5.03||3.79||32.72|
|Net Profit (Rs. ‘Arba’)||3.57||2.7||32.22|
|Distributable Profit (Rs. ‘Arba’)||2.56||–||–|
|Non Performing Loans, NPL(%)||1.61||1.14||41.23|
|Earnings Per Share, EPS(Rs.)||22.05|
|Networth Per Share ( Rs.)||148.92|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||450|
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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