City Bank profit rises 5% in H1
The bank has declared a 15% cash dividend and a 10% stock dividend for the financial year ending 31 December 2023
City Bank's consolidated net profit for the first half of 2024 increased by 5% to Tk250 crore compared to the same period last year.
According to the price-sensitive information of the private sector lender, its consolidated earnings per share (EPS) for the January-June period was Tk1.85, up from Tk1.76 a year ago.
As of 30 June, the bank's consolidated net asset value per share stood at Tk28.12, and the consolidated net operating cash flow per share was Tk2.88.
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In the April-June quarter, its consolidated net profit was Tk157 crore, marking a 6% growth from the same period the previous year.
During this quarter, the consolidated EPS was Tk1.17, up from Tk1.10 a year ago.
The bank has declared a 15% cash dividend and a 10% stock dividend for the financial year ending 31 December 2023.
Last year, its net profit was Tk638 crore, a 33% increase from the previous year.
Its shares closed at Tk24.30 on Thursday at the Dhaka Stock Exchange, having surged over 23% in the last three trading sessions to reach a year-high.
The bank's market capitalisation stood at Tk3,030 crore at the end of the last week.
