Global IME Microfinance Net Profit Increases 283.09 percent

Aug Mon 2021 12:50:29

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Global IME Microfinance Net Profit Increases 283.09 percent

Kathmandu: The net profit of Global IME MFI has increased attractively. Global has increased its net profit by 283.09% to Rs. 227.6 million by the end of FY 2077-78. Despite the improvement in operating profit along with net interest income, net profit has increased in an attractive manner.

 The company has strengthened its reserve fund. The reserve fund has been improved by 390.43% and deposited Rs. 345.45 million. Its deposit collection and credit investment have also expanded. Bad debt increased by 0.72% to 2.66%. Earnings per share have also been good due to attractive growth in net profit. Earnings per share increased by Rs 22.07 to Rs 52.73.