dfcu posts Shs 50.9bln in gross profit

KAMPALA, August 22, 2024 – dfcu Limited’s interim unaudited financial results for the six months ending June 30, 2024, reveal a gross profit of Shs 50.9 billion, marking a 51.6 percent increase from Shs 33.6bln reported for the same period in 2023.

The financial statements, published on Thursday by Kironde Lule, Director of dfcu Limited, indicate that the bank’s total assets slightly increased to Shs 3.164 trillion, up from Shs 3.158trn as of December 31, 2023.

During the review period, loan advances to customers were Shs 1.02trn compared to Shs 1.13trn disbursed as of December 31, 2023.

Customer deposits amounted to Shs 2.319trn for the six months ended June 2024, a marginal increase from Shs 2.318trn as of December 31, 2023.

Despite achieving a net profit of Shs 42.4 billion for the period, the bank’s board has decided not to recommend an interim dividend to shareholders.

https://thecooperator.news/dfcus-pre-tax-profits-fall-67-8-percent-in-2021/