ICB’s Q3 earnings down over 62%

The state-owned Investment Corporation of Bangladesh has witnessed a 62.2 percent fall in its third quarter (January-March) earnings of the current fiscal year.

In a filing with the Dhaka Stock Exchange on Monday, the company reported consolidated earnings per share (EPS) of Tk0.48 during the third quarter in the fiscal year against Tk1.27 in the same period of the previous year.

However, it said its net revenue increased due to the increase of capital gain in connection with the sale of shares, but consolidated net operating cash flow per share (NOCFPS) decreased due to the increase of payment of term deposit receipt.

Its consolidated EPS was Tk1.25 for July 2020-March 2021 as against Tk0.59 in the negative for the same period last year.

The NOCFPS was Tk5.14 in the negative for July 2020-March 2021 as against Tk3.26 in the negative for July 2019-March 2020.

Its consolidated net asset value (NAV) per share was Tk54.86 as of March 31, 2021 and Tk 54.10 as of June 30, 2020.