IDLC Finance Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 01:36 am EDT
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IDLC Finance Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was BDT 278.47 million compared to BDT 391.74 million a year ago. Basic earnings per share from continuing operations was BDT 0.67 compared to BDT 0.94 a year ago.
For the nine months, net income was BDT 1,000.56 million compared to BDT 1,310.51 million a year ago. Basic earnings per share from continuing operations was BDT 2.41 compared to BDT 3.15 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.
IDLC FINANCE PLC. 
