BD Finance’s profit dips 75pc

block

Business Desk :
Bangladesh Finance Limited’s profit slumped 75 per cent year-on-year to Tk 1.88 crore in the first quarter of the current financial year.
The profit stood at Tk 7.53 crore in the January-March quarter of 2021-22.

Consolidated earnings per share were Tk 0.10 in January-March of 2022-23 against Tk 0.40 in the same quarter of 2021-22, showed the unaudited financial statements of the non-bank financial institution.

block

The EPS decreased due to a fall in net interest income and lower income from investment in securities, said the NBFI in a filing on the Dhaka Stock Exchange.

The consolidated net operating cash flow per share slipped to the negative territory to stand at Tk 1.83 in the quarter from a positive Tk 2.27 during the same period a year ago. The NOCFPS declined because of net outflow of deposits, a decrease in interest income and the payment of income tax liabilities, said the filing.