The company said, profit decreased mainly due to a decline in net interest income and investment income compared to the corresponding period of the previous year
Bangladesh Finance, known as BD Finance, reported that its consolidated earnings per share dropped by 64% in the first half of this year.
During the January to June period of 2025, the consolidated EPS was Tk0.12, which was significantly lower from Tk0.33 in the previous year at the same time.
The company said, profit decreased mainly due to a decline in net interest income and investment income compared to the corresponding period of the previous year.
Despite the profit drop, its share surged by 1.87% to reach Tk10.90 today (20 July).
At the end of June, its consolidated net asset value per share was Tk29.92 negative.
Earlier, the non-bank financial institution reported that it incurred a consolidated net loss of Tk780 crore in 2024 mainly due to heavy provisioning against rising non-performing loans.
As a result, the board of the company decided not to pay dividend for 2024, citing a negative equity position. In 2023, it did not pay any dividend.
The company attributed the sharp downturn to regulatory provisioning requirements, including those for bad loans, margin loan deficits, and equity investments.
BD Finance also said the measures were necessary to restore balance sheet strength and ensure long-term stability.
The Dhaka Stock Exchange downgraded the company’s share to Z category due to the failure to pay dividend for the last two consecutive years.
Source: The Daily Star
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