IDLC Finance Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 05:36 am
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IDLC Finance Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was BDT 278.47 million compared to BDT 391.74 million a year ago. Basic earnings per share from continuing operations was BDT 0.67 compared to BDT 0.94 a year ago.
For the nine months, net income was BDT 1,000.56 million compared to BDT 1,310.51 million a year ago. Basic earnings per share from continuing operations was BDT 2.41 compared to BDT 3.15 a year ago.
IDLC Finance PLC is a Bangladesh-based multi-product, multi-segment non-banking financial company. The Company's segments include Core financing business, Investment banking business, Brokerage business and Asset management business. Its products and services include small and medium enterprise (SME) loans, corporate loans and consumer loans. Its SME loans include Term Loan, Shampad (SME Lease), Working Capital Loan, Utshob (Seasonal Loan), Abashan, and Shombhabona (New Entrepreneurs Loan). Its corporate loans include corporate, supply chain finance, structured finance and green finance. Its consumer loans include home loan, car loan and personal loan. Its subsidiaries include IDLC Securities Limited, IDLC Investments Limited and IDLC Asset Management Limited. IDLC Investments Limited provides various services, including investment banking services, cap-invest (non-discretionary portfolio) and discretionary portfolio management (DPM). The Company has a presence in over 24 cities.