4 financial firms release earnings reports

Three listed companies released their financial reports for the January-March quarter, while one other published its annual financial statement for the year 2022 on Tuesday.

The companies are— IPDC Finance Limited, Uttara Bank Limited, Exim Bank Limited, and National Life Insurance.

National Life Insurance Company Ltd published its annual financial report yesterday, according to a filing available on the Dhaka Stock Exchange (DSE) website.

The insurer posted a 50 per cent year-on-year rise in net profit to Tk 62.73 crore in 2022. The listed company’s profit was Tk 41.67 crore in 2021.

The company’s consolidated earnings per share rose to Tk 5.78 last year from Tk 3.84 in 2021.

The board of directors of the insurer recommended a 38 per cent cash dividend to its shareholders for the year ended in December 2022.

On the other hand, the country’s leading non-bank financial institution IPDC Finance Limited reported a 93 per cent year-on-year drop in profit to Tk 1.48 crore in the first quarter of 2023.

The NBFI had a net profit of Tk 22.26 crore in the January-March quarter last year, said another DSE filing.

The listed company’s earnings per share fell to Tk 0.04 for Q1 this year from Tk 0.60 for the same quarter last year.

When IPDC saw a profit decline, Uttara Bank Limited saw its net profit increased by 19.72 per cent year-on-year in the January-March quarter of 2023.

As per its unaudited financial statements, the private commercial bank’s consolidated earnings per share (EPS) increased to Tk 0.85 for the first quarter of 2023 from Tk 0.71 for the same quarter last year, a separate DSE filing said.

Meanwhile, Exim Bank Limited posted a 44 per cent year-on-year decrease in its earnings in the first quarter of 2023.

The lender’s consolidated earnings per share (EPS) declined to Tk 0.14 for the Q1 from Tk 0.24 for the same period a year earlier, another DSE filing revealed.

The company’s consolidated NAV per share stood at Tk 22.13 at the end of the first quarter of 2023 against Tk 21.97 at the end of the same quarter last year.