IPDC Finance Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 21, 2020 at 09:09 am EDT
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IPDC Finance Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net income was BDT 186.140 million compared to BDT 129.829 million a year ago. Basic earnings per share was BDT 0.5 compared to BDT 0.39 a year ago. Net interest income was BDT 536,574,136 against BDT 443,613,147 a year ago. Total operating income was BDT 685,625,168 against BDT 497,337,841 a year ago.
For the nine months, net income was BDT 502.531 million compared to BDT 443.040 million a year ago. Basic earnings per share was BDT 1.35 compared to BDT 1.42 a year ago. Net interest income was BDT 1,660,314,166 against BDT 1,398,206,027 a year ago. Total operating income was BDT 1,987,053,867 against BDT 1,539,031,089 a year ago.
IPDC Finance Limited is a Bangladesh-based financial company. The Company provides long-term and short-term finance, lease finance, supply chain finance, home loan, equity financing, retail finance, small and medium enterprises (SME) finance, asset backed securitization, retailer finance, factoring finance, and related consultancies. Its SME products include term loan, factoring, work order finance, short term financing, Joyee and lease finance. The corporate finance and advisory division provides lease finance, project and syndication financing, term loans and short-term financing. Its retail finance includes home loans, auto loans, personal loans and bhalo basha home loan. The Company offers business services through approximately 15 branches, including Dhaka, Chattogram, Khulna, Sylhet, Rajshahi, Rangpur, Faridpur, Mymensingh, among others.