IPDC Finance’s stocks have risen 2.08 per cent to Tk 24.50 on April 25, mainly due to the higher earnings declarations by the company in Q1 of 2021.
Profits rose for the non-bank financial institution by 36 per cent year-on-year to Tk 20.49 crore in the January-March timeframe of 2021.
While at this time frame, IPDC’s net interest income has seen an upturn of 3.6 per cent to Tk 57 crore while the investment increased more than 3 times to Tk 23 crore.
But, the NBFI’s per share net operating cash flow stood at Tk 18.09 in the negative, which was Tk 1.98 in the positive in the previous year.
On March 31st, 2021, the NBFI’s per share net asset value stood at Tk 16.52, which was Tk 16.34, 3 months earlier.
According to the Dhaka Stock Exchange (DSE) data, it has a paid-up capital of Tk 371 crore. The company provided a 12 per cent cash dividend to its shareholders for the year which concluded on December 31, 2020.
Sponsors of the A category company hold 48 per cent of its shares, government 21.88 per cent, institutional investors 16.79 per cent and foreign investors 2.35 per cent.
General investors hold the rest 10.94 per cent shares of IPDC, DSE data shows.