BD Finance’s net profit jumps by 629%

01 Nov

BD Finance’s net profit jumps by 629%

A company official said it achieved this growth riding on a vibrant capital market

Non-banking financial institution Bangladesh Finance and Investment Company Limited’s (BD Finance) net profit increased by 629% in the first three quarters of this year.

However, its share price fell by 9.44% at the Dhaka Stock Exchange (DSE) on Sunday. The closing price of each share was Tk25.90.

A company official said it achieved this growth in profit riding on a vibrant capital market.

The company did not have to take provisions on unclassified investments as per the central bank’s direction and that also contributed to high growth in profit, he added.

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