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Islamic Finance Dissapoints Investors after Disclosing Q1 Finacials & DIvidends

One of the Listed companies, Islamic Finance & Investment Limited has recommended No Dividend for the year ended December 31, 2023.

In terms of financial performance, The Company has also reported EPS loss of Tk. 1.64 for the year ended December 31, 2023. NAV per share of Tk. 12.42.

The Annual General Meeting (AGM) of the company will be held on August 22, through the digital platform. The record date for this has been fixed at July 28.

Q1 Financials: The company’s earnings per share (EPS) was loss Tk 1.62 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.06 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at loss Tk 10.80.

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