Staff Reporter :
IPDC Finance Limited has decrease a profit of 62.13 percent for the year ended 2023 compared to the previous year due to increased interest payments to depositors and lenders, alongside reduced income from investments, commissions, exchanges, and brokerages.
The decline in profit resulted in its earnings per share of Tk 0.92 in 2023, down from Tk 2.43 in the previous year, according to a filing on the Dhaka Stock Exchange.
IPDC Finance, non-bank financial institution’s (NBFI) made a net profit of Tk 34.14 crore during the period, compared to a profit of Tk 90.17 crore in the same period last year that ended on December 31, 2022.
The non-bank financial institution (NBFI) has reported EPS (earning per share) of Tk0.92 for 2023, which was 62% lower than the previous year.
The NBFI has declared a 5 per cent cash and 5 per cent stock dividends for its shareholders for the year that ended on 31 December 2023.
Final approval of the recommended amount will come during a virtual annual general meeting (AGM) scheduled for 16 May.
