UCB’s profit jumps 37% in Q1

United Commercial Bank Ltd reported a 37.5 per cent year-on-year rise in profit to Tk 46.41 crore in the first quarter of the current financial year.

The private commercial lender made a profit of Tk 33.75 crore in the identical January-March quarter of 2022.

The consolidated earnings per share rose to Tk 0.33 for January-March from Tk 0.24 during the same period last year, the unaudited financial statements showed.

The consolidated net operating cash flow per share surged to Tk 16.28 from a negative Tk 6.17.

The consolidated net asset value per share advanced to Tk 28.91 on March 31 this year from Tk 26.82 a year earlier.

Shares of UCB closed unchanged at Tk 13 on the Dhaka Stock Exchange yesterday.