ICB Islami Bank returns to profit in Q3

ICB Islami Bank Ltd has disclosed its unaudited financial results for the third quarter (Q3) period on the website of the Dhaka Stock Exchange (DSE) Wednesday.

According to the results, ICB Islamic Bank, which had been at a loss for many years, made a profit in the third quarter (July-September) this year.

The company’s earnings per share (EPS) was 0.17 taka for July-September, 2020, as against 0.20 taka for July-September, 2019; earnings per share (EPS) was 0.15 taka for January-September, 2020 as against 0.49 taka for January-September, 2019.

Net operating cash flow per share (NOCFPS) was 0.39 taka for January-September, 2020 as against 0.003 taka for January-September, 2019. Net asset value per share (NAV) per share was 17.41 taka as on September 30, 2020, and 16.96 taka as on September 30, 2019.