IFAD Autos Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was BDT 1,513.16 million compared to BDT 2,020.69 million a year ago. Net income was BDT 4.56 million compared to BDT 33.64 million a year ago. Basic earnings per share from continuing operations was BDT 0.02 compared to BDT 0.13 a year ago.
For the six months, sales was BDT 3,209.81 million compared to BDT 4,375.49 million a year ago. Net income was BDT 7.4 million compared to net loss of BDT 172.75 million a year ago. Basic earnings per share from continuing operations was BDT 0.03 compared to basic loss per share from continuing operations of BDT 0.65 a year ago.