Global IME reports huge amount of distributable profit; Net profit stands at Rs 1.98 arba and EPS at Rs 22.30
Thu, Aug 2, 2018 2:07 AM on Financial Analysis, Stock Market, Latest,
Global IME Bank Limited (GBIME) has published its fourth quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 4.89% in the fourth quarter of the fiscal year 2074/75.
The bank’s profit has increased from 1.88 arba in the fourth quarter of the fiscal year 2073/74 to Rs 1.98 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 2.15 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has low growth rate of 5.33% to Rs 1.06 kharba and loans and advances have also increased by 15.53% to Rs 93.12 arba in the last quarter.The borrowings of the bank have increased to Rs 1.03 arba from Rs 82.65 crore. The net interest income of the bank has also increased to Rs 3.80 arba from Rs 3.69 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.88 arba with Rs 5.86 arba as its reserve.
The Non-Performing Loan (NPL) has also decreased to 0.69% from 1.60%.
In the fourth quarter, the EPS of the bank stands at Rs 22.30. The net worth per share stands at Rs 165.99.
Major Highlights:
|
Particulars (In Rs '000) |
GBIME |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
8,888,376 |
8,080,342 |
10.00% |
|
Reserve & Surplus |
5,864,998 |
5,688,912 |
3.10% |
|
Deposits |
106,510,529 |
101,123,343 |
5.33% |
|
Borrowings |
1,034,649 |
826,518 |
25.18% |
|
Loans & Advances |
93,126,974 |
80,609,230 |
15.53% |
|
Net Interest Income |
3,804,021 |
3,692,796 |
3.01% |
|
Operating Profit |
2,972,942 |
2,813,907 |
5.65% |
|
Net Profit |
1,981,768 |
1,889,368 |
4.89% |
|
Total Comprehensive Income |
1,792,154 |
1,906,061 |
-5.98% |
|
Add/ Less: Regulatory adjustment as per NRB |
174,824 |
116,793 |
49.69% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
2,156,592 |
2,006,160 |
7.50% |
|
NPL |
0.69 |
1.60 |
-56.88% |
|
Annualized EPS (In Rs.) |
22.30 |
23.38 |
-4.64% |
|
Net Worth per Share (In Rs.) |
165.99 |
170.40 |
-2.59% |
|
P/E Ratio (In times) |
11.95 |
- |
- |
