Lanka Bangla Finance Limited was the most traded stock at the Dhaka Stock Exchange yesterday with its shares worth Tk26.4 crore changed hands.
The value represents 4.8% of the total volume traded at DSE.
The non-banking financial institution stock prices closed at Tk75.9each, registering a rise of 4.26%.
According to its latest unaudited report (July to September 2013), the company made a net profit after tax of Tk23.6 crore, an increase of 77% from Tk13.3 crore in the same period a year ago.
In first nine months of 2013, its net profit was Tk42.9 crore against Tk37.9 crore in the corresponding period of 2012.
Despite a significant increase in provision, the company came out with higher profit due to Tk20.2 crore income gained from its investment in the third quarter in 2013.
Income from investment was only Tk3.5 crore in the third quarter of 2012.
Earlier, Credit Rating Agency of Bangladesh Limited (CRAB) rated the company “A2” in the long term and “ST-3” in the short term based on audited financial statements as of December 31, 2012.
The stock price of the company is the highest since December.
Net asset value of the company is Tk31.07, earnings per share of
Tk2.06 and a price to earnings ratio of 27.63.