DBH sees 17% profit growth in 2021

The Delta Brac Housing Finance Corporation Ltd (DBH) has posted a 17 per cent growth in net profit in 2021, comparing to the previous year.

The housing finance company recommended a 25 per cent dividend – 15 per cent cash and 10 per cent stock -- to its shareholders for the year, it said in a press release on Thursday.

According to the release, the dividend recommendation came at a recent meeting of the company’s board of directors.

It will hold an annual general meeting (AGM) on April 17 for the shareholders’ approval to the recommendation.

DBH, the only NBFI of the country with exclusive focus on home loans, posted operating profit of Tk 191.76 crore and net profit of Tk 104.39 crore for the year 2021, registering 18 per cent and 17 per cent growth respectively from the previous year.

Its earning per share (EPS) for 2021 stands at Tk 5.89, which was Tk 5.03 in 2020.