Dhaka, Aug. 3 -- IDLC Finance has reported an impressive 45 per cent year-on-year growth in profit for the second quarter (April-June) of this year, driven by higher investment income.

The non-bank financial institution (NBFI) posted a profit of Tk 579 million in Q2, up from Tk 398 million in the same period last year, according to its unaudited financial statements released on Thursday.

Accordingly, its consolidated earnings per share (EPS) rose to Tk 1.33 for the quarter, compared to Tk 0.91 a year earlier.

The net interest income, the core source of income for the NBFI was not so overwhelming, but significant gain from investment in the government securities supported the lender's impressive profit growth amid inflationary pressure....