Among the 23 non-bank financial institutions (NBFIs) listed on the stock market, 11 have published their business profit and loss accounts for the first six months of 2024.
Among the NBFIs that published their unaudited financial reports recently, profits increased for seven institutions and decreased for one, while two reported losses compared to H1 of 2023.
The financial reports indicated that due to an increase in investment income, most institutions have reported higher profits compared to the same period last year.
Bay Leasing & Investment reported a loss of Tk 0.84 per share in H1 of 2024, a slight improvement compared to the Tk 1.64 loss in H1 of 2023.
The company's overall profit for H1 of 2024 stood at a deficit of Tk 11.83 crore, an improvement from the Tk 23.10 crore losses recorded in the first half of 2023.
Bangladesh Finance showed a marginal increase with an Earnings Per Share (EPS) of Tk 0.33 for H1 of 2024, up from Tk 0.24 in H1 of 2023. Its profit also rose to Tk 6.21 crore from Tk 4.51 crore year-on-year.
The company said EPS has increased due to significant capital gains and dividends from share investments compared to the same period of last year.
Its Consolidated Net Operating Cash Flow Per Share (NOCFPS) was Tk 0.54 for H1 of 2024 as against Tk 0.82 for H1 of 2023. Consolidated Net Asset Value Per Share (NAVPS) was Tk 11.85 as of June 30, 2024, and Tk 11.53 as of December 31, 2023.
NOCFPS has decreased due to the net outflow of deposits and borrowing compared to the same period last year, said Bangladesh Finance.
DBH Finance posted a notable performance with an EPS of Tk 2.05 for H1 of 2024, slightly down from Tk 2.46 in H1 of 2023. However, its profit declined to Tk 40.77 crore from Tk 48.92 crore, indicating a challenging operational environment.
First Finance Limited's financials reflect ongoing struggles, with a reported EPS of -Tk 0.99 for H1 of 2024, down from -Tk 0.59 for H1 of 2023. The company's loss widened to Tk 11.73 crore from Tk 6.99 crore year-on-year.
IDLC Finance demonstrated strong financial health with an EPS of Tk 1.81 in H1 of 2024, a decrease from Tk 2.14 in H1 of 2023. Its profit for the first half of 2024 was Tk 75.24 crore, up from Tk 72.33 crore in H1 of last year, showcasing resilience amid economic fluctuations.
IPDC Finance Limited saw a slight improvement in EPS to Tk 0.27 in H1 of 2024 from Tk 0.24 in H1 of 2023, with its profit increasing to Tk 10.52 crore from Tk 9.35 crore in the same periods, respectively.
Islamic Finance & Investment continues to face challenges with an EPS of -Tk 2.38 in H1 of 2024, an improvement from -Tk 0.02 in H1 of 2023. However, the company's loss deepened to Tk 33.39 crore in H1 of 2024 from a profit of Tk 0.28 crore in H1 of last year.
National Housing Finance PLC posted an EPS of Tk 0.6 in H1 of 2024, down from Tk 1.05 in H1 of 2023. Its profit dropped to Tk 7.02 crore from Tk 12.28 crore year-on-year.
Phoenix Finance and Investments recorded an EPS of Tk 0.63 in H1 of 2024, down from Tk 1.1 in H1 of 2023. Its profit fell to Tk 10.45 crore from Tk 16.58 crore, reflecting market challenges.
Union Capital remained in the red with an EPS of -Tk 1.88 in H1 of 2024, a slight improvement from -Tk 5.97 in H1 of 2023. Its loss fell to Tk 32.44 crore from Tk 103.02 crore year-on-year.
The company said EPS increased due to an increase in investment income, a decrease in operating expenses and a release of required provisions against loans, advances and leases.
Its Consolidated NOCFPS was Tk 1.55 for H1 of 2024 as against Tk 1.44 for H1 of 2023. NAVPS was negative Tk 52.91 as of June 30, 2024, and negative Tk 51.03 as of December 31, 2023.
Union Capital said Consolidated NAVPS fell due to the decreasing net interest income, a drop in income against fees, commissions, exchange and brokerage, and other operating income.
United Finance maintained a steady EPS of Tk 0.16 in H1 of 2024, the same as H1 of last year, with a slight increase in profit to Tk 2.99 crore from Tk 1.12 crore year-on-year.
Uttara Finance and Investments posted an EPS of Tk 0.16 in H1 of 2024, down from Tk 0.06 in H1 of 2023, with its profit rising to Tk 2.10 crore from Tk 0.78 crore year-on-year.
