Q3 earnings of ICB decreased by over 62pc

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The government-owned Investment Corporation of Bangladesh has experienced a 62.2 per cent fall in its 3rd quarter (January-March) earnings of the current fiscal year.

Through a filing with the Dhaka Stock Exchange on April 26, the company reported consolidated earnings per share (EPS) of Tk 0.48 during the 3rd quarter in the fiscal year against Tk 1.27 in the same period in the previous year.

But, the company stated that its net revenue increased because of the increase of capital gain in connection with the sale of shares, but consolidated net operating cash flow per share (NOCFPS) decreased due to the increase of payment of term deposit receipt.

Its consolidated EPS was Tk1.25 for July 2020-March 2021 as against Tk 0.59 in the negative for the same period last year.

The NOCFPS was Tk 5.14 in the negative for July 2020-March 2021 as against Tk 3.26 in the negative for July 2019-March 2020.

Its consolidated net asset value (NAV) per share was Tk 54.86 as of March 31, 2021 and Tk 54.10 as of June 30, 2020. 

Source:

BUSINESS INSIDER BD

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