Idlc Finance Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 02, 2020 at 09:13 am EST
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IDLC Finance Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was BDT 1,138.481 million compared to BDT 595.191 million a year ago. Net income was BDT 944.956 million compared to BDT 254.628 million a year ago. Basic earnings per share from continuing operations was BDT 2.51 compared to BDT 0.68 a year ago. For the nine months, operating income was BDT 2,318.257 million compared to BDT 2,252.723 million a year ago. Net income was BDT 1,611.074 million compared to BDT 1,262.189 million a year ago. Basic earnings per share from continuing operations was BDT 4.27 compared to BDT 3.35 a year ago.
IDLC Finance PLC is a Bangladesh-based multi-product, multi-segment non-banking financial company. The Company's segments include Core financing business, Investment banking business, Brokerage business and Asset management business. Its products and services include small and medium enterprise (SME) loans, corporate loans and consumer loans. Its SME loans include Term Loan, Shampad (SME Lease), Working Capital Loan, Utshob (Seasonal Loan), Abashan, and Shombhabona (New Entrepreneurs Loan). Its corporate loans include corporate, supply chain finance, structured finance and green finance. Its consumer loans include home loan, car loan and personal loan. Its subsidiaries include IDLC Securities Limited, IDLC Investments Limited and IDLC Asset Management Limited. IDLC Investments Limited provides various services, including investment banking services, cap-invest (non-discretionary portfolio) and discretionary portfolio management (DPM). The Company has a presence in over 24 cities.
IDLC FINANCE PLC. 
