Fareast Finance suffers losses in 2020

Fareast Finance & Investment Ltd posted losses in the year that ended on December 31, 2020.    

The non-bank financial institution reported negative earnings per share of Tk 1.74 for the year against a negative EPS of Tk 4.38 in 2019. 

The net asset value per share slipped to Tk 1.11 from Tk 2.85, while the net operating cash flow per share returned to a positive Tk 1.84 from a negative Tk 1.19 in 2020.

Fareast Finance's board recommended no dividend for the financial year, according to a filing on the Dhaka Stock Exchange yesterday.

Shares of the company were unchanged at Tk 6.40 on the premier bourse of Bangladesh yesterday.