ShareBarta24.com, Dhaka: Non-bank financial institution Lankabangla Finance Limited has achieved significant growth in post-tax consolidated net profit in the three quarters (January-September) of the current 2021 financial year. The company’s after-tax consolidated net profit was more than Tk 91.24 crore during the period under review. Where in the same period of the previous year the profit was more than 48 crore 48 lakh rupees. As a result, the company’s net profit has almost doubled in one year.
A review of the unaudited financial statements of Lankabangla Finance for the three quarters shows that the company had a net operating income of around Tk 203 crore during the period under review. At the same time last year, the net operating income was about 74 crore. The consolidated earnings per share (EPS) for the three quarters was Tk 1.8, up from Tk 6 in the same period last year.
On the other hand, in the third quarter of the current financial year (July-September), the company’s after-tax profit has been more than 52 crore. Where the profit for the same period of the previous financial year was 40 crore. The net operating income during the period under review was about Tk 94 crore. 40 crore in the previous financial year. The company’s consolidated EPS for the period under review was 96 paise, up from 64 paise in the previous fiscal.
Lankabangla Finance has paid 12 percent cash dividend to its shareholders for the last fiscal year ended December 31, 2020. The company’s after-tax consolidated net profit for the year under review was Tk 96.75 crore. In the previous financial year it was 50 crore 72 lakh rupees. In the last financial year, the company’s net profit after tax alone was Tk 82.56 crore.
Where the net profit in the previous year was 63 crore 70 lakh rupees. In the fiscal year 2020, the consolidated EPS of Lankabangla Finance was Tk 1.81. Where the previous year’s revalued EPS was 94 paise. At the end of December 31, 2020, the company’s net asset value per share (NAVPS) stood at Tk 18 63 paise.
The current authorized capital of LankaBangla Finance, which was listed on the stock exchange in 2008, is Tk 1,000 crore. The paid up capital is 536 crore 63 lakh 90 thousand taka. There is 361 crore 49 lakh rupees in reserve. The total number of shares is 53 crore 7 lakh 36 thousand 623. Of these, 33.56 per cent are held by entrepreneur-directors, 23.96 per cent by institutional investors, 70 per cent by foreign investors and the remaining 41.6 per cent by ordinary investors.
The last and closing price of Lankabangla shares on the DSE on Thursday was 41 rupees 30 paise. In the last one year, the highest price of this share was 48 rupees 30 paise and the lowest was 19 rupees 50 paise. The stock has a price-to-earnings (PE) ratio of 22.82 on the basis of the latest audited EPS and market price, and 29.08 on the basis of the updated unaudited financial report.
Source: Share Barta 24 by www.sharebarta24.com.
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