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I-Remit Inc (Philippines)

Main Activities: Commercial Banking
Full name: I-Remit Inc Profile Updated: August 10, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

I-Remit Inc., incorporated in 2001, engages in providing fund transfer and remittance services to Overseas Filipino Workers (OFW). The company's services include; iNotify is an alternative service method where beneficiaries in the Philippines can claim remittances from any pay-out centers; iRemit Visa Card, a debit and automated teller machine card-in-one that allows instant crediting of remittances from abroad; iCredit, a bank-to-bank online credit facility; iDeliver, which delivers cash remittances to beneficiaries through in-house and third party couriers...etc. The company has its registered office located in Ortigas.

Headquarters
26/F Discovery Centre, 25 Adb Avenue, Ortigas Centre
Pasig; National Capital Region; Postal Code: 1605

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Website: http://iremitx.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2001
Key Executives
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Chairman
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President
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Chief Financial Officer
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Executive Vice President
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Vice Chairman
Ownership Details
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16.438%
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12.951%
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6.826%
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Subsidiaries
Global Hapimart E- Commerce Inc.
100%
I-Remit New Zealand Limited (New Zealand)
100%
Ifast Innovate Pty Ltd (Australia)
100%
Company Performance
Financial values in the chart are available after I-Remit Inc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
-71.43%
Total operating revenue
-81.01%
Operating profit (EBIT)
-42.92%
EBITDA
-63.64%
Net Profit (Loss) for the Period
-34.16%
Total assets
-7.21%
Total equity
-58.38%
Operating Profit Margin (ROS)
-603.74%
Net Profit Margin
-512.39%
Return on Equity (ROE)
-42.63%
Debt to Equity Ratio
216.54%
Quick Ratio
-0.43%
Cash Ratio
-0.09%

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