IDLC’s First Quarter Earnings

IDLC Finance Limited said that it saw a stellar growth in the past three months of 2016, bolstered by its earnings from the capital market. Net profit was up 67% to BDT 60.1 crore in January-March quarter compared to the same period a year earlier and per share earning up to BDT 1.8 from BDT 1.11 a year ago.

  • Revenue from its capital market subsidiaries was up 266% to BDT 33.3 crore and earning from brokerage commission rose 45% to BDT 35.6 crore.
  • NPL or non-performing loan ratio came down to 2.79% compared to 3.06% a year ago
  • The company saw a 9% growth in customer assets portfolio to BDT 6,765.1 crore.
  • Operating income of the company was up 30% year-on-year to BDT 165.9 crore at the end of first quarter

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