IPDC Finance makes Tk 90.18 crore profit in 2022

IPDC Finance Limited's profit rose to Tk 90.18 crore in the financial year that ended on December 31, up 2.5 per cent from a year earlier.

The non-bank financial institution made a profit of Tk 87.95 crore in 2021.

Thus, IPDC reported earnings per share of Tk 2.43 for 2022, which was Tk 2.37 a year prior.

Shares of IPDC remained unchanged at Tk 57.6 at 1.10pm on the DSE today.

The net asset value per share of the company rose to Tk 18.33 with revaluation and Tk 17.51 without revaluation from Tk 17.12 and Tk 16.30, respectively.

The net operating cash flow per share stood at Tk 11.26 in negative in 2022 against Tk 6.50 in negative in 2021.

In a filing on the Dhaka Stock Exchange today, IPDC said cash outflow for loan disbursements was higher against negative cash flow from deposits, resulting in a negative cash flow from operating activities.

Loans, leases and advances grew and deposits experienced degrowth, it said, adding that the surplus liquidity of 2021 was utilised in 2022 for the disbursement of loans and advances.

"However, the overall cash position in 2022 was positive."