IPDC profit jumps 30pc
IPDC Finance witnessed around 30 per cent growth in profits in the first half of 2021 despite the second wave of Covid-19 infections sweeping across Bangladesh.
The listed non-bank financial institution, which started its journey in 1981, logged net profits of Tk 41 crore during the period this year while it was Tk 31.6 crore in the same period last year.
The company's credit portfolio rose 15.7 per cent to Tk 6,202 crore compared to that on January 1, 2021. During the same period, its customer deposits registered growth of 4.1 per cent to reach Tk 4,307 crore.
In the first half of the year, its revenue rose 4.2 per cent to Tk 169 crore while expenses rose 4.7 per cent to Tk 59 crore.
The IPDC's classified loans stood at 1.12 per cent, which is one of the lowest classified loan ratios in the industry.
In the second quarter (April-June) its earnings per share (EPS) stood at Tk 0.55 while it was Tk 0.45 the previous year. In the half yearly (January-June) period its EPS stood at Tk 1.11 while it was Tk 0.85 in the same period in 2020.
Yesterday, its shares closed 3.81 per cent higher at Tk 30.
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