IPDC Finance’s profit declines 93% in January-March

IPDC Finance Limited reported a 93 per cent year-on-year fall in profit to Tk 1.48 crore in the first quarter of the current financial year.

The non-bank financial institution made Tk 22.26 crore profit in January-March of 2022.

So, IPDC Finance's earnings per share plummeted to Tk 0.04 in the first three months of 2023 from Tk 0.60 posted in the same period of 2022, according to a filing on the Dhaka Stock Exchange.

The net operating cash flow per share stood at Tk 13.25 negative in January-March against Tk 13.28 negative in the identical period last year.

The net asset value per share with revaluation edged up to Tk 18.38 on March 31 from Tk 18.33 on December 31. Without revaluation, it was Tk 17.55 on March 31 against Tk 17.51 on December 31.