Standard Bank returns to profit in Q2

Standard Bank has returned to profit in the second quarter ended June 2021 as against the same quarter last year.

Its earnings per share (EPS) stood at Tk 0.06 in Q2, from Tk (-0.31) recorded in the same period a year earlier, said the insurer in a filing with the Dhaka Stock Exchange on Wednesday.

As of June 30, 2021, the company’s net asset value (NAV) per share stood at Tk 16.89 against Tk 16.26 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 0.23.

The earnings per share (EPS) for the same period of the previous financial year was Tk 0.06. As a result, the company's profit has increased by Tk 0.17 or 283 percent.