IFIC Bank, a leading financial institution in Bangladesh, reported a 94% rise in net profit for the first quarter of 2023, largely driven by the strong earnings of its subsidiary companies. The bank’s earnings per share during the quarter were Tk0.35, up from Tk0.18 in the same period last year. In a statement filed with the stock exchanges, the company credited the performance of one of its subsidiaries for the significant increase in profits.
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