United Commercial Bank Ltd (UCB) has reported a 37.5% year-on-year increase in profit to Tk 46.41 crore in the first quarter of 2023. In the same period last year, the private commercial lender made a profit of Tk 33.75 crore. The unaudited financial statements showed that consolidated earnings per share rose to Tk 0.33 for January-March from Tk 0.24 during the same period last year. Additionally, the consolidated net operating cash flow per share surged to Tk 16.28 from a negative Tk 6.17, and the consolidated net asset value per share increased to Tk 28.91 on March 31st, 2023 from Tk 26.82 in 2022. The closing price of UCB shares remained steady at Tk 13 on the Dhaka Stock Exchange.
UCB’s profit increased by 37.5%
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