Three listed companies — IFIC Bank, NRBC and Eastern Bank witnessed a sharp rise in earnings per share for the second quarter (April-June) of 2021 as per unaudited financials of the companies.
According to company disclosure, IFIC Bank made around Tk 79 crore as profit for the second quarter which is 5 times higher than the same quarter last year. The net profit of the bank in the second quarter of 2020 was around Tk 16 crore.
Earnings per share (EPS) of the bank was Tk 0.47 for the second quarter of 2021, which was Tk 0.09 for the same quarter of 2020.
The company informed the Dhaka Stock Exchange (DSE) that it registered a higher EPS due to an increase in income from interest, investment and fee-based earnings. NOCFPS (net operating cash flow per share) of the bank was higher in the quarter due to an increase in deposits, it added.
Net interest income of IFIC Bank was Tk 152.40 crore for April-June this year, which was Tk 11.34 crore the same period last year.
Newly listed company NRBC Bank’s EPS stood at Tk 0.69 for April-June of 2021, which is 213 per cent higher than the same quarter last year. The bank’s EPS was Tk 0.22 for the second quarter of 2020.
The company at a press release said that it has gone for expansion of network and banking services during the coronavirus pandemic. Emphasis was given on the disbursement of loans and advances in Islamic banking and microcredit besides conventional banking. All these measures had a positive impact on the bank’s earnings.
On the other hand, EBL’s consolidated EPS was Tk 1.47 for April-June of 2021 as against Tk 0.78 for April-June of 2020. The bank’s consolidated EPS was Tk 2.56 for January-June of 2021 as against Tk 1.65 for January-June of 2020.
NOCFPS (net operating cash flow per share) of the bank was Tk 9.25 for January-June of 2021 as against Tk 12.10 for January-June of 2020. Net asset value (NAV) per share was Tk 31.97 as on June 30, 2021, and Tk 30.87 as on December 31, 2020.
Meanwhile, Dutch-Bangla Bank and Standard Bank’s profits fell for the same period of 2021. DBBL saw a decline in EPS while Standard Bank’s EPS saw a rise.
Dutch-Bangla Bank earned less profit in April-June but recorded a higher profit for the first half of 2021. The company earned Tk 135.42 crore profit for the second quarter, which is 3.5 per cent less from the same period last year.
But DBBL‘s earning was around Tk 226 crore for January-June this year which is 4.44 per cent higher than the same period last year.
Abul Kashem Mohammed Shirin, Managing Director of DBBL, told The Business Post that in the second quarter of 2021 the company issued bonus shares for shareholders which brought its EPS down. But the half-yearly performance of the bank is stronger than the previous year, she added.
The bank’s EPS for April-June was Tk 2.14 as compared to Tk 2.23 during the same period last year.
Moreover, earnings per share of Standard Bank for the second quarter declined.
Consolidated EPS of the bank was Tk 0.06 for April-June 2021 as against Tk 0.31 for April-June 2020. EPS of the bank declined by 83 per cent for the second period.
But EPS of the bank was Tk 0.23 for January-June 2021 as against Tk 0.06 for January-June 2020, which was 283 per cent higher.
The company’s NOCFPS was Tk 2.72 for January-June 2021 as against Tk 3.53 for January-June 2020. Meanwhile consolidated NAV per share of the company was Tk 16.89 as on June 30, 2021, and Tk 16.26 as on June 30, 2020.
