Jamuna Bank clocks Tk 133.36 crore profit in Q1

Jamuna Bank Ltd today said it made a profit of Tk 133.36 crore in the first quarter of 2023.

It was up 3.5 per cent from the Tk 128.87 crore profit the private commercial bank posted in the identical January-March quarter of 2022.

So, the consolidated earnings per share rose to Tk 1.78 in January-March of 2023 from Tk 1.72 in the same quarter of 2022, according to the unaudited financial statements.

"The EPS increased due to a rise in net interest income as well as investment income," said Jamuna Bank in a filing on the Dhaka Stock Exchange.

The consolidated net operating cash flow per share surged to Tk 26.34 from Tk 9.42 thanks to an increase in cash flows from operating activities.

The consolidated net asset value per share slipped to Tk 27.56 on March 31 from Tk 31.33 a year ago because of the reduction in revaluation reserve, said the filing.