Business Report :
DBH Finance PLC reported a 40per cent growth in net profit after tax for July to September quarter of the year. At the same time, the company reported a growth of 18per cent in operating profit for Q3 and 22per cent for first 9 months of the year.
The company’s Earnings per Share (EPS) surged to Tk. 1.68 for Q3, up from Tk. 1.20 in the corresponding quarter of previous year. The EPS for January to September period stood at Tk. 3.73 compared to Tk. 3.66 of same period of last year.
As of the end of September 2024, DBH’s loan disbursement increased by 18per cent, from previous year resulting from its geographic and product line expansions.
The housing finance company introduced shariah compliant products under its Islamic Financing Wing in May 2023 and opened few new branches covering all divisional cities of the country.
Moreover, the company achieved a robust 11.20per cent growth in core deposits form individual and corporate customers for the January to September 2024 period compared to first nine-month of 2023, reflecting customers’ continued trust in the company.