IDLC Finance's profit drops 28% in Jan-Mar
IDLC Finance Limited's net profit dropped over 28% in the January-March quarter of this year due to a decrease in net interest income and a dull capital market.
During the first quarter, its earnings per share stood at Tk0.83, which was Tk1.16 a year ago at the same time.
The non-bank financial institution said in its price-sensitive statement, its earnings per share shrank due to a decrease in net interest income, investment income, commission exchange and brokerage.
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On Monday, shares of the company were traded on the floor price at Tk46.50 each at the Dhaka Stock Exchange (DSE).
