Prime Bank’s net profit grows by 18pc

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Business Desk :
Prime Bank Limited has earned a net profit of Tk. 51crore in the first quarter (Q1) of 2020 on solo basis, registering a growth of 18 per cent over the corresponding period of 2019.  
The bank has also made operating profit of Tk162crore in Q1 2020on solo basis which was Tk139 crore in the same period of last year, registering a growth of 17 per cent, said a press release.
The bank reported EPS of Tk 0.45 for the quarter ended on March 31, 2020 on solo basis which was Tk 0.38 in the corresponding period of 2019. Its net asset value (NAV) per share on solo basis was Tk 24.11during January-March 2020 which was Tk 23.50in the same period a year ago. The bank’s net operating cash flow per share (NOCFPS) on solo basis stood at Tk2.17 on March 31, 2020 which was Tk1.74 in the corresponding period of 2019.
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