United Finance posts 36% lower profit in 2022
United Finance Limited registered a 36 per cent year-on-year fall in profit to Tk 14.2 crore in 2022.
The non-banking financial institution made Tk 22.26 crore profit in 2021.
Thus, United Finance reported earnings per share of Tk 0.76 for the financial year of 2022 compared to Tk 1.19 a year ago, according to a disclosure on the Dhaka Stock Exchange.
The net asset value per share fell slightly to Tk 17.06 last year from Tk 17.30 in 2021 while the net operating cash flow per share was Tk 12.47 negative from Tk 5.63 during the period.
The board of directors of United Finance recommended a 5 per cent cash dividend for the year that ended on December 31.
Shares of the NBFI were unchanged at Tk 15.80 on the DSE yesterday.
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