FFIL declares 60pc dividend
Wednesday, 17 March 2010
Fareast Finance & Investment Limited (FFIL), a leasing and finance company declared 60pc dividend in the form of bonus share for the year 2009, said a press release.
The dividend was approved and declared in presence of the company's honourable shareholders, auditors, Managing Director and Company Secretary at the ninth annual general meeting of the company held at its registered office in the city. Chairman of the board of directors M A Khaleque was in the chair.
The meeting disclosed that in the year 2009 the company earned a net profit after tax of Tk.60.68 million and disbursed Tk.567.87 million in the form of lease and term finances. The total investment portfolio of the company on outstanding basis at the end of the year 2009 stood at Tk.2,111.73 million, which at the end of the year 2008 was Tk.1,897.08 million. Growth rate in the year 2009 was 11.31pc over the previous year.
The dividend was approved and declared in presence of the company's honourable shareholders, auditors, Managing Director and Company Secretary at the ninth annual general meeting of the company held at its registered office in the city. Chairman of the board of directors M A Khaleque was in the chair.
The meeting disclosed that in the year 2009 the company earned a net profit after tax of Tk.60.68 million and disbursed Tk.567.87 million in the form of lease and term finances. The total investment portfolio of the company on outstanding basis at the end of the year 2009 stood at Tk.2,111.73 million, which at the end of the year 2008 was Tk.1,897.08 million. Growth rate in the year 2009 was 11.31pc over the previous year.