Idlc Finance Limited Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 27, 2020 at 04:36 pm
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IDLC Finance Limited announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net income was BDT 373.486 million compared to BDT 492.221 million a year ago. Basic earnings per share was BDT 0.99 compared to BDT 1.31 a year ago. For the half year, net income was BDT 666.117 million compared to BDT 1,007.561 million a year ago. Basic earnings per share was BDT 1.77 compared to BDT 2.67 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.