National Housing Finance’s Q1 earnings increase

National Housing Finance and Investments’ Q1 (January-March) earnings increased by 50 percent.

In a filing with Dhaka Stock Exchange on Tuesday, the company said that its earnings per share (EPS) was Tk 0.72 for January-March 2021 as against Tk 0.48 for the same period of previous year.

Its net operating cash flow per share (NOCFPS) was Tk 5.95 in the negative for January-March 2021 as against Tk 3.53 for the same period of last year. 

Meanwhile, the net asset value (NAV) per share stood at Tk 18.64 as of March 31, 2021, and Tk 17.91 as of December 31, 2020. 

In its filing, National Housing further said that the EPS increased due to capital gain and interest income earned from the sale of government securities and provision back from loans, advances and leases. 

Furthermore, NOCFPS decreased due to the increase of bank and customer deposits settlement and decreased cash interest receives during the period.