ICB Securities Co turnover registers 168pc rise
Tuesday, 5 October 2010
FE Report
ICB Securities Trading Company Limited, a subsidiary of Investment Corporation of Bangladesh (ICB) has approved 200 percent stock dividend for the financial year 2009-2010 out of its net profit of Tk. 387.038 million earned during the period.
The approval came at the 10th annual general meeting (AGM) held at the board room of the company recently.
The AGM was presided over by Dina Ahsan, chairman of the company. Kazi Sanaul Hoq, the chief executive officer (CEO), directors and shareholders were present at the meeting.
The shareholders discussed various aspects of the company's achievements and made suggestions to continue the success in future.
The company maintained leading and ideal position in transactions of securities in the stock exchanges of the country in the financial year 2009-2010. The overall financial position of ISTCL remained satisfactory during the year.
The turnover of the company has also been increasing.
In 2008 2009, the total turnover of the company was Tk 85.12 billion and it whopped to Tk. 228.73 billion in 2009-2010 registering a sharp increase of 168 per cent.
The operating profit of the company in the year was Tk. 439.848 million After deduction of income tax and other provisions, net income stood at Tk. 387.038 million, a 106 per cent up against the earning of 2008-09.
The shareholders opined that this attractive net profit earning was possible through prudent management and professional commitment of all employees of the company.
ICB Securities Trading Company Limited, a subsidiary of Investment Corporation of Bangladesh (ICB) has approved 200 percent stock dividend for the financial year 2009-2010 out of its net profit of Tk. 387.038 million earned during the period.
The approval came at the 10th annual general meeting (AGM) held at the board room of the company recently.
The AGM was presided over by Dina Ahsan, chairman of the company. Kazi Sanaul Hoq, the chief executive officer (CEO), directors and shareholders were present at the meeting.
The shareholders discussed various aspects of the company's achievements and made suggestions to continue the success in future.
The company maintained leading and ideal position in transactions of securities in the stock exchanges of the country in the financial year 2009-2010. The overall financial position of ISTCL remained satisfactory during the year.
The turnover of the company has also been increasing.
In 2008 2009, the total turnover of the company was Tk 85.12 billion and it whopped to Tk. 228.73 billion in 2009-2010 registering a sharp increase of 168 per cent.
The operating profit of the company in the year was Tk. 439.848 million After deduction of income tax and other provisions, net income stood at Tk. 387.038 million, a 106 per cent up against the earning of 2008-09.
The shareholders opined that this attractive net profit earning was possible through prudent management and professional commitment of all employees of the company.