Rupali Bank’s profit rises 70% in Q2

The net profit of Rupali Bank Ltd increased 70 per cent to stand at Tk 10.23 crore in the second quarter (April-June) of the current year.

The publicly traded state-owned bank reported a profit of Tk 6.01 crore during the same period of the previous year.

In its un-audited financial statement disclosed to the Dhaka Stock Exchange (DSE) on Thursday, the bank reported consolidated earnings per share (EPS) of Tk 0.25 for the quarter, when it was Tk 0.15 in the corresponding period of 2020.

Meanwhile, its half yearly earnings also increased 16.21 per cent. The EPS stood at Tk 0.43 for January-June period of current year, against Tk 0.37 of 2020.

It reported a profit of Tk 17.96 crore for the six months, when the profit was Tk 15.2 crore in the same period of last year.

However, the bank’s net operating cash flow per share (NOCFPS) fell 82.54 per cent in the first half to stand at Tk 13.01, against Tk 74.54 of January-June period in 2020.

During the same period, the net asset value slightly increased to stand at Tk 46.49 as on June 30, which was Tk. 44.10 as on December 31, 2020.

According to the annual report, the bank’s total asset was Tk 63,054 core in 2020, with public holding 9.81 per cent and government holding 90.19 per cent of total shares.

The bank was listed on the Dhaka and Chittagong Stock Exchanges in 1986 and 1995 respectively.