Prime Bank earnings jump 422% in Q2

Prime Bank has posted about a 422 percent increase in its earnings in the second quarter ended June 2021 as against the same quarter last year.

Its earnings per share (EPS) stood at Tk 0.47 in Q2, an increase of 422 percent from Tk 0.09 recorded in the same period a year earlier, said the insurer in a filing with the Dhaka Stock Exchange on Monday.

As of June 30, 2021, the company’s net asset value (NAV) per share stood at Tk 25.18 against Tk 25.16 as on June 30, 2020.

Meanwhile, the company's earnings per share (EPS) for the first six months of the current financial year (January-June '21) stood at Tk 1.81.

The earnings per share (EPS) for the same period of the previous financial year was Tk 0.55. As a result, the company's profit has increased by Tk 1.26 or 229 percent.