Global IME Bank published an excellent Q1 financials: profit rises by 40.55%; net profit stands at Rs 75.31 crore with EPS of Rs 28.87
Tue, Nov 5, 2019 8:31 AM on Financial Analysis, Stock Market, Latest,
Global IME Bank Limited (GBIME) has published its first quarter report for the FY 2076/77 with excellent rise in net profit by 40.55%.
The bank’s profit has increased from Rs 53.58 crore in the first quarter of the fiscal year 2075/76 to Rs 75.31 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 28.11 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 7.41% to Rs 1.28 kharba and loans and advances to customers also increased by 8.73% to Rs 1.18 kharba in the first quarter. The net interest income of the bank has increased by 30.30% to Rs 1.56 arba from Rs 1.20 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 10.43 arba with Rs 6.85 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has slightly decreased to 0.85% from 1.05%.
In the first quarter, the annualized EPS of the bank stands at Rs 28.87. The net worth per share stands at Rs 165.64 and qtr end PE ratio stands at 10.22 times.
Global IME Bank Limited share trading in NEPSE is kept on halt due to ongoing merger with Janata Bank Limited.
Global IME Bank Limited has proposed 12.75% bonus shares and 12.75% cash dividend to its shareholders for last fiscal year 2075/76.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.
* Price is of 4th July
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