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Global IME Microfinance’s profit up 121.90%

nabil bank

Kathmandu. According to the financial statement released by Global IME Microfinance till the fourth quarter of the last fiscal year, the company’s earnings per share has reached Rs 38.11.

Till the same period of the previous fiscal year, the EPS of the company was limited to Rs 17.16. Eps has seen a surge due to improvement in the company’s net interest income and profit. The company has earned a net interest income of Rs 759.7 million till the review period. This amount is 20.31 percent more than the previous fiscal year. In the previous fiscal year, the company had earned a net interest income of Rs 631.4 million.

Similarly, the company has earned a net profit of Rs 235.8 million. This amount is 121.90 percent more than the previous fiscal year. Net fee and commission income also increased by 19.95 percent to Rs 85.2 million.

The company’s net operating income is Rs 751.4 million and operating profit is Rs 337.2 million. During this period, the company’s retained earnings and reserves increased from Rs 480 million to Rs 713.9 million. Both the deposit collection and credit flow of the organization have also increased. Deposit collection has increased from Rs 3.07 billion to Rs 3.61 billion.

Credit flow has also increased from Rs 8.5 billion to Rs 9.83 billion. The company’s distributable profit is Rs 171.9 million. The bad loan ratio of the company has come down from 4.07 percent to 3.62 percent.

During the review period, the net worth per share of the company was Rs 215.35, the total asset value per share was Rs 1,677.17, the price-to-earnings ratio was 34.65 times and the liquidity ratio was 4.37 percent. Global IME Microfinance’s earnings per share increased by 2.22 times.

Prabhu
sikhar insurance

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