bKash makes Tk103 crore profit in 2023
Its financial statement indicates a significant turnaround, achieving operating profit after four years, with 2023's operating profit totaling Tk30 crore, compared to a loss of Tk76 crore the previous year.
Logo of bkash. Photo: Collected
bKash Limited, the country's premier mobile financial services provider, reported a net profit of Tk103.91 crore in 2023, marking a staggering five-fold increase from the preceding year.
Its financial statement indicates a significant turnaround, achieving an operating profit of Tk30 crore last year, compared to a loss of Tk76 crore in 2022, the MFS provider said in a statement.
The subsidiary of BRAC Bank demonstrated robust revenue growth, surging by 22% to Tk4,190 crore compared to the previous year.
Leveraging its robust profit, the company managed to significantly reduce its accommodated losses, which decreased by 61% to Tk54 crore in the last year.
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