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Investment Corporation of Bangladesh (ICB) posted an 84 per cent profit in the first quarter of this fiscal year compared to the same period a year ago.
The state-owned non-banking financial institution reported its consolidated earnings per share (EPS) of Tk 0.70 for July-September of FY22 as against Tk 0.38 for the same period of last financial year, it said in a filing with the Dhaka Stock Exchange on Sunday.
The EPS got a boost due to an increase in capital gain and decrease in interest expense, it said.
Its consolidated net operating cash flow (NOCFPS) was negative Tk 8.87 as against negative Tk 4.60 during the period. Its net asset value (NAV) per share was Tk 55.73 as of September 30, 2021, and Tk 54.97 as of June 30, 2021.
“The NOCFPS declined due to an increase in repayment of term deposit receipt,” said the company.
ICB witnessed a big jump of 104 per cent to Tk 1.43 in its EPS in the last financial year over the previous fiscal year.
On Sunday, its share price declined 1.77 per cent to Tk 121.90 on the DSE. Its market capitalization is Tk 10,000 crore and its surplus reserve is Tk 2,779 crore.
