Bangladesh Finance Ltd, a non-bank financial institution, has recorded a significant slump of 75% in net profit for the first quarter of 2023 compared to the same period last year. The company’s profit after tax dropped to Tk 1.88 crore, resulting in an earnings per share (EPS) decrease from Tk 0.40 to Tk 0.10. The decline in interest income and investment income contributed to the earnings fall. Despite this, the company reported a lesser annual profit decline of 8.2% in 2022. The new managing director and CEO aim to provide comprehensive services and establish the company as a top merchant bank in the next five years.
Bangladesh Finance’s net profit increased by 75%
Industry: Financial, NBFI
Company: Bangladesh Finance Limited
Company Intelligence Tag: Business Insights
Source for more details: