Profit Decreases Despite of Increase in Income : Global IME Bank Published Q2 Report

Global IME Bank Limited (GBIME) has posted the Second Quarter unaudited report for the fiscal year 2080/2081. Where the net profit has decreased by 26.57% to Rs. 2.4 Arba in this quarter.

The annual EPS is reported at Rs. 11.31 after a decrease of 6.76% from the same time frame the previous year, and the net worth per share is recorded as Rs. 157.4 with a decrease of Rs. 3.06. Global IME Bank Limited traded at a P/E multiple of 18.13 times during the period.

The Reserve and Surplus have decreased by 10.92% to Rs. 20.73 Arba in this quarter presented by the second quarter report as compared to the same time frame the previous year.

The non-performing loan (NPL) ratio has increased to 4.68%. The paid-up capital for the company stood at Rs. 36.12 Arba in this quarter after an increase of 1%.

Overall, GBIME has done more Income but the profit of the company has dipped by 26.57% to Rs. 2.4 Arba.