IPDC Finance Limited’s interest income increased by 13 percent in the first half (January-June) of the current 2024 financial year. At the same time, the company’s net profit also increased.
According to the data, the interest income of the company in the first half of the current financial year was Tk 423 crore. 375 crore in the same period of the previous financial year. The net profit of the company during the period under discussion was Tk 10 crore 35 lakh. In the same period of the previous accounting year which was 9 crore 51 lakhs. IPDC’s earnings per share (EPS) for the first half stood at 27 paisa. It was 24 paisa in the previous financial year. At the end of June 30, the company’s net asset value per share (NAVPS) stood at 17 taka 12 paisa. Besides, the company’s EPS in the second quarter of the current financial year (April-June) has been 22 paisa, which was 21 paisa in the same quarter of the previous financial year.
The company said that the interest income of IPDC increased during the period under discussion due to market based interest rate determination. Besides, the company’s income from investment has also increased due to the increase in the interest rate of government treasury bills. Overall, due to these reasons, there has been a significant increase in the company’s profit during the period under discussion.
The board of IPDC Finance has announced 5 percent cash and 5 percent stock dividend to investors for the financial year ended 2023. The EPS of IPDC has been 92 paisa during the financial year under discussion. In the previous accounting year which was 2 taka 43 paisa. Accordingly, the company’s EPS has decreased by 62.14 percent. At the end of last December 31, NAVPS of the company stood at 18 taka 19 paisa.
IPDC board recommends 10 percent cash dividend to shareholders in FY 2022. The EPS of IPDC Finance has been Tk 2.43 paisa in the current accounting year. In the same period of the previous accounting year which was 2 taka 37 paisa. The authorized capital of IPDC listed in the capital market in 2006 is Tk 800 crore. Paid up capital is 389 crore 64 lakh 60 thousand taka. There is 245 crore 24 lakh taka in reserve. The total number of shares of the company is 38 crore 96 lakh 46 thousand 125. Out of this, 48.04 percent shares are held by entrepreneurial directors. Besides, the government has 21.88 percent, institutional investors have 14.19 percent, foreign investors have 9 percent and general investors have the remaining 15.80 percent shares.
Sources:- IPDC finance
