ICB makes over 300% profit amid dull capital market
Although the state-owned company made huge profits, it was still facing a loss of Tk47.81 crore and loss per share was Tk0.62
The Investment Corporation of Bangladesh (ICB) saw around 303 percent growth in its profit in the third quarter of the current fiscal year.
From January to March, the DSEX fell by 10 percent to 4,008 points amid the Covid-19 pandemic.
During this period, ICB made a consolidated net profit of Tk102.34 crore and earnings per share (EPS) was Tk1.33, which were Tk25.49 crore and Tk0.33 respectively during the same time in the previous year.
Although the state-owned company made huge profits, it was still facing a loss of Tk47.81 crore in the first three quarter or nine months of the current financal year and loss per share was Tk0.62.
The net asset value per share stood at Tk2.61 during this time, which was lower than that of the first three quarters of the previous year.
In the 2018-19 fiscal year, the net asset value per share was Tk40.52.
