IDLC Finance Profits Increased by 12%

Industry: NBFI, Stock Market
Company: IDLC Finance Limited
Company Intelligence Tag: Business Insights

IDLC Finance Plc, a capital market-listed non-banking financial institution (NBFI), saw a 12% rise in consolidated interest income for the first quarter (January-March) of the fiscal year 2024 compared to the previous year. The company’s consolidated net profit after tax also increased during this period, according to its unaudited financial report. Its interest income reached Tk 334 crore, up from Tk 299 crore in the same quarter of the previous financial year. The company’s consolidated net profit stood at Tk 35 crore, compared to Tk 34 crore in the corresponding quarter of the previous financial year. IDLC Finance reported an earnings per share (EPS) of 85 for Q1 2024, up from 83 in the previous fiscal year. The consolidated net asset value per share (NAVPS) as of March 31 was Tk 46.56.

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