Shahjalal Islami Bank’s profit rises 36%

Shahjalal Islami Bank Ltd's profit rose more than 36 per cent year-on-year to Tk 101.57 crore in the July-September quarter.

This was compared to Tk 74.55 crore made in the same three-month quarter a year earlier. 

Thus, the private commercial bank reported consolidated earnings per share of Tk 0.94 for July-September against Tk 0.69 in the same quarter in 2021, showed the unaudited financial statements for the third quarter. 

The EPS increased substantially thanks to the increase in the net investment income, income from investments in shares and securities, commission, exchange and brokerage, and other operating incomes, said Shahjalal Islami Bank in a filing on the Dhaka Stock Exchange (DSE) today.

The consolidated EPS rose to Tk 3.33 in January-September of 2022 from Tk 2.34 a year earlier, up more than 42 per cent year-on-year. 

This gives the bank a profit of Tk 359.82 crore during the nine-month period. It was Tk 252.84 crore from January to September in 2021.

Consolidated net operating cash flow per share (NOCFPS) was Tk 13.21 for January-September, up from a negative Tk 1.24 in 2021, driven by an increase of investment income, income from fees and commission, deposits received from customers and placement from other banks and financial institutions.

Consolidated net asset value per share increased to Tk 20.43 on September 30 this year from Tk 18.33 on the same day last year for the rise in the net profit after tax.

Shares of Shahjalal Islami Bank were unchanged at Tk 20 on the DSE today.