Cash News
TBS Report
20 October, 2024, 07:25 pm
Last modified: 20 October, 2024, 07:35 pm
IDLC Finance Ltd, the country’s largest non-bank financial institution (NBFI), reported an 80% year-on-year profit growth in the July-September quarter, driven primarily by investment income from government securities.
According to the un-audited financial statement for the third quarter of 2024 published on its website, the NBFI posted a consolidated net profit of Tk50 crore during the quarter, marking a significant increase from Tk27.84 crore in the same period previous year.
At the end of the first nine months of this year, its consolidated net profit was Tk125 crore, which was 25% higher than in the same period previous year.
During January-September period, the consolidated earnings per share stood at Tk3.02, which was Tk2.41 a year ago.