Prime Bank clocks Tk 104cr profit in Jan-Mar

Prime Bank Ltd registered a Tk 104.17 crore profit in the January-March quarter of 2023.   

The private commercial lender made the same profit in the first quarter a year earlier. 

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Thus, the consolidated earnings per share were Tk 0.92 in January-March this year against Tk 0.92 in the same quarter of 2022, according to the unaudited financial statements. 

The consolidated net operating cash flow per share was Tk 1.35 negative in January-March compared to Tk 4.43 negative in the first quarter a year ago.

The NOCFPS increased due to an incremental deposit collection commensurate with asset mobilisation, said Prime Bank in a filing on the Dhaka Stock Exchange. 

The consolidated net asset value per share was Tk 29.37 on March 31 this year and Tk 27.36 on March 31 last year.

Shares of Prime Bank declined 0.49 per cent to Tk 20.40 crore on the premier bourse of the country yesterday.