DBH’s profit rises by 1388pc despite pandemic

Publicly traded Delta Brac Housing Finance Corporation Limited’s net profit soared by 1388 per cent in second quarter (April-June) of 2021 compared to the same period last year.

The company’s earnings per share (EPS) increased by 15 times in second quarter this year compared to the same period last year.

According to an official disclosure, DBH’s EPS was Tk 1.05 for April-June of 2021 as against Tk 0.07 for the same period in 2020.

At the same time, the company’s net profit stood at Tk 18.67 crore which was Tk 1.25 crore during the same period last year. There will be no price limit on the trading of the shares of the company on Thursday following its corporate declaration.

DBH was listed with the Dhaka Stock Exchange in 2008. Shares of the company were traded at Tk 76.20 each at the closing of the day’s session at DSE.

Delta Brac Housing disbursed 30 per cent dividend (15 per cent cash and 15 per cent stock) for shareholders in 2020.