DBH Finance’s profit falls in 2022

DBH Finance PLC reported a 2.62 per cent year-on-year decrease in profit to Tk 101.59 crore in the financial year that ended on December 31.

The profit stood at Tk 104.32 crore in 2021 for the non-bank financial institution.

Thus, the company reported earnings per share of Tk 5.21 for 2022 against Tk 5.35 a year ago. The net asset value per share of DBH Finance rose to Tk 41 in 2022 from Tk 37.15 in 2021.

But the net operating cash flow per share (NOCFPS) stood at Tk 19.64 negative from Tk 0.04 negative a year ago.

"The NOCFPS decreased significantly due to higher encashment of deposits during the year with net cash outflow of Tk 3,91.8 crore," said the NBFI in a filing on the Dhaka Stock Exchange.

The board of directors of DBH Finance has recommended a 15 per cent cash and a 2 per cent stock dividend for the last financial year.

DBH Finance shares traded at Tk 57.80 on the DSE yesterday, unchanged from a day earlier.