BD Finance’s profit dips 75%

Bangladesh Finance Limited's profit slumped 75 per cent year-on-year to Tk 1.88 crore in the first quarter of the current financial year.

The profit stood at Tk 7.53 crore in the January-March quarter of 2021-22.

Consolidated earnings per share were Tk 0.10 in January-March of 2022-23 against Tk 0.40 in the same quarter of 2021-22, showed the unaudited financial statements of the non-bank financial institution.

The EPS decreased due to a fall in net interest income and lower income from investment in securities, said the NBFI in a filing on the Dhaka Stock Exchange.

The consolidated net operating cash flow per share slipped to the negative territory to stand at Tk 1.83 in the quarter from a positive Tk 2.27 during the same period a year ago.

The NOCFPS declined because of net outflow of deposits, a decrease in interest income and the payment of income tax liabilities, said the filing.

The consolidated net asset value per share improved to Tk 17.51 on March 31 this year from Tk 17.41 on December 31.

Shares of BD Finance closed at Tk 44.10 on the DSE on Monday.