SIBL makes Tk 53.21 crore profit in January-June

Social Islami Bank Limited made a Tk 36.92 crore profit in the second quarter of 2023, an increase of more than 3 per cent year-on-year.

The profit stood at Tk 35.83 crore in April-June of 2022.

Thus, the consolidated earnings per share improved to Tk 0.34 in the three months to June this year against Tk 0.33 in the identical quarter in 2022, according to the un-audited financial statements.

The profit rose 6.52 per cent year-on-year to Tk 53.21 crore in January-June from Tk 49.94 crore during the first half of 2022. So, the consolidated EPS was up to Tk 0.49 from Tk 0.46.

The consolidated net operating cash flow per share turned negative at Tk 2.28 for the first half of 2023 against a positive Tk 3.75 during the same period last year.

The NOCFPS decreased due to a cash outflow in respect of deposits and investments, said the Shariah-based bank in a filing on the Dhaka Stock Exchange.

The consolidated net asset value per share rose to Tk 20.68 on June 30 this year from Tk 18.74 on the same day last year.

Shares of SIBL traded at Tk 11.70 on the DSE today, unchanged from a day earlier.