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I-Remit Inc (Philippines)

Main Activities: Commercial Banking
Full name: I-Remit Inc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 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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37.16%
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
-64.23%
Total operating revenue
-63.04%
Operating profit (EBIT)
16.68%
EBITDA
-46.89%
Net Profit (Loss) for the Period
20.6%
Total assets
-13.5%
Total equity
-37.01%
Operating Profit Margin (ROS)
-173.6%
Net Profit Margin
-140.83%
Return on Equity (ROE)
-9.94%
Debt to Equity Ratio
79.47%
Quick Ratio
-0.09%
Cash Ratio
-0.55%

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