United Finance PLC, a non-bank financial institution (NBFI), recorded a 46.21 percent year-on-year increase in net profit, reaching Tk 20.9 crore in 2024.

This strong performance reflects robust operational execution and prudent financial management amidst a challenging macroeconomic landscape.

A subsidiary of United Group, the NBFI also reported earnings per share (EPS) of Tk 1.12, up from Tk 0.76 in the previous year, according to its official disclosure.

The company attributed its solid financial results to enhanced deposit management efficiency, portfolio diversification, and increased income from government securities.

Operating profit rose to Tk 134.9 crore in 2024, representing a 26.4 percent increase compared to the prior year.

Net operating cash flow per share surged to Tk 4.27, up from Tk 0.76 in 2023, driven by strong cash generation from core business operations.

United Finance has proposed a 10 percent cash dividend for 2024, amounting to Tk 18.7 crore. The dividend will be distributed from the current year's profits, while retained earnings continue to bolster the company's financial stability.

The proposed dividend is well-supported by the firm's net asset value (NAV), which rose to Tk 333.81 crore at year-end, with NAV per share increasing to Tk 17.84.

Founded in 1989, United Finance remains committed to sustainable growth through digital transformation, diversified financing, and resilient portfolio strategies, as underscored by Mohammad Rafiqul Islam, managing director of the NBFI.

According to its website, the company currently operates nationwide through 23 branches.

The record date for dividend eligibility is set for 21 May 2025, while the annual general meeting is scheduled to take place on June 24 this year.