Idlc Finance Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 18, 2021
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IDLC Finance Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net income was BDT 563.961 million compared to BDT 373.486 million a year ago. Basic earnings per share from continuing operations was BDT 1.42 compared to BDT 0.94 a year ago. For the half year, net income was BDT 1,035.118 million compared to BDT 666.117 million a year ago. Basic earnings per share from continuing operations was BDT 2.61 compared to BDT 1.68 a year ago.
IDLC Finance Limited is a Bangladesh-based non-banking financial institution. The Company's products and services include small and medium enterprise (SME) loans, corporate loans and consumer loans. Its corporate loans include corporate finance, supply chain finance, structured finance solutions and green finance. Its green financing includes renewable energy, energy and resource efficiency, liquid waste management, and solid waste management. The Company's consumer loans include home, car and personal. Its SME loans include SME term/lease, working capital, seasonal, commercial vehicle and Abashan. The Company operates in capital markets through its subsidiaries, such as IDLC Securities Limited, IDLC Investments Limited and IDLC Asset Management Limited. Its capital market products and services include cash account, margin account, investment banking services, cap-invest (non-discretionary portfolio), discretionary portfolio management, mutual funds and alternate investment fund.