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Dhaka Bank’s profit falls by 13.69%

Industry: Bank, Financial
Company: Dhaka Bank Limited
Company Intelligence Tag: Business Insights

Dhaka Bank’s Q1 2023 Earnings Per Share (EPS) falls by 13.69% due to a drop in operating profit. However, Net Operating Cash Flow Per Share (NOCFPS) has increased to Tk8.21 from being negative at Tk4.36 in the same period last year, according to the unaudited data published on May 14, 2023. The bank explains that the increase in NOCFPS is due to a sale of trading securities, a decrease in loans, and advances to customers, and an increase in deposits from other banks. As of May 14, 2023, the price of each share of the bank was Tk13.20 at the Dhaka Stock Exchange (DSE).

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