Global IME registers outstanding operating profit Rs1.04 arba, Net profit up by 40.13% to Rs 75.93 crore, EPS Rs 24.75 & NPL down to 1.64%

Global IME Bank Limited (GBIME) has registered profit rise of 40.13 percent in the second quarter of the current fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 75.93 crore in second quarter up from Rs 54.18 crore in the corresponding quarter of the last fiscal year 2071/72. The operating profit increases to Rs 1.04 arba from Rs 66.52 crore as compared to the corresponding quarter of last fiscal year. Global IME Bank’s net interest income has risen to Rs 1.32 arba in the second quarter as compared to Rs 1.15 arba in the corresponding quarter. It’s paid up capital and reserves remains at Rs 6.16 arba and 1.92 arba respectively. The bank also amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 63.82 arba in Q2 from Rs 55.20 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 54.98 arba in Q2 whereas in the same period last year the figure stood at Rs 47.56 arba. Its non-performing loan has decline to 1.64 percent in Q2 from 2.57 percent in the previous year report. Annualized Earning per share (EPS) of GBIME stand at Rs 24.75, net worth per share at 131.18, and the P/E ratio at 12.73 times.