NBFIs see mixed performance

Listed Non-Banking Financial Institutions (NBFIs) showed mixed performance over the week amid declining trend of the stock prices.
The sector closed the week 0.89 per cent lower although market insiders said the government's latest decision to allow 13 financial institutions to receive development and non-development funds encouraged the investors to buy the shares of NBFIs.
The sector also witnessed mixed trend in first half of 2015 calendar year over the corresponding period of the last year.
Out of the 23 NBFIs listed with the Dhaka Stock Exchange (DSE), that account for around 5.90 per cent of the DSE's total market capitalisation, 20 having December to December Financial year disclosed their half-yearly financial reports.
Among them, consolidated profits (un-audited) of 11 FIs rose while 9 saw less profit in the first half in 2015 compared to same period of last year.
The companies which witnessed a rise in profits are: IDLC Finance, Bangladesh Industrial Finance Company, FAS Finance and Investment, GSP Finance, Industrial Promotion & Development Company of Bangladesh, National Housing Finance and Investment, Premier Leasing and Finance, Prime Finance, United Finance, Union Capital and Uttara Finance.
IDLC Finance reported consolidated profits (un-audited) of Tk 816.94 million with earnings per share (EPS) Tk 3.15 in the first half in 2015 against Tk 306.67 million and Tk 1.22 respectively in the same period of last year.
The profits of BIFC rose to Tk 136.92 million with EPS Tk 1.36 in the January-June period in 2015 which was Tk 47.32 million and Tk 0.47 respectively in the corresponding period of last year.
FAS Finance' profits stood at Tk 56.99 million with EPS Tk 0.51 in the first half in the current calendar year against Tk 29.06 million and Tk 0.26 in the same period a year ago.
GSP Finance has reported consolidated net profits of Tk 57.55 million with EPS Tk 0.55 in the first half in 2015 against Tk 55.45 million and Tk 0.53 respectively in the same period a year ago.
The profits of IPDC stood at Tk 83.33 million with EPS Tk 0.66 in the January-June period in 2015 which was Tk 53.03 million and Tk 0.42 in the same period of last year.
National Housing Finance's profits rose to Tk 119.16 million with EPS Tk 1.12 in the first half in 2015 which was Tk 100 million with EPS Tk 0.94 in the same period a year ago.
Premier Leasing has reported profits of Tk 15.32 million with EPS Tk 0.14 in the first half in 2015 which was Tk 5.47 million and Tk 0.05 in the corresponding period of last year.
The profits of Prime Finance stood at Tk 231.98 million with EPS Tk 0.85 in the first half in 2015 against Tk 139.19 million and Tk 0.51 in the same period of last year.
Union Capital's profits rose to Tk 54.53 million with EPS Tk 0.41 in first half in the current calendar year which was Tk 39.89 million and Tk 0.30 respectively in the same period of last year.
The profits of United Finance stood at Tk 138.47 million with EPS Tk 0.90 in the first half in 2015 which was Tk 136.51 million and Tk 0.88 in the corresponding period of last year.
Uttara Finance's profits rose to Tk 586.03 million with EPS Tk 4.68 in the January-June period in 2015 against Tk 567.25 million and Tk 4.53 in the same period a year ago.
The NBFIs which incurred fewer profits are: Bay Leasing & Investment, Bangladesh Finance and Investment Company, Fareast Finance and Investment, First Finance, International Leasing & Financial Services, Islamic Finance & Investment, LankaBangla Finance, Phoenix Finance, Peoples Leasing & Financial Services.
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