Scam-hit ILFSL posts losses in Jan-June half

Scam-hit International Leasing & Financial Services Ltd (ILFSL) has kept losing money as it made losses in the first half of 2022.

Consolidated earnings per share of the non-bank financial institution was a negative of Tk 2.67 in January-June. It was, however, lower than a negative of Tk 4.59 during the same half of 2021, according to its unaudited financial statements.

Consolidated net operating cash flow per share fell to Tk 0.31 from Tk 0.44. The consolidated net asset value per share, however, rose to Tk 157.40 on June 30 this year from Tk 154.19 on December 31.

ILFSL suffered losses for the third consecutive year in 2021 as it reported consolidated EPS of Tk 9.26 in the negative for the year that ended on December 31, 2021. It was Tk 31.30 in the negative a year ago.

ILFSL is one of the financial institutions that witnessed the embezzlement of thousands of crores of taka by Proshanto Kumar Halder and his allies.