ILFSL recommends 75pc stock dividend
Monday, 10 May 2010
The Board of Directors of International Leasing and Financial Services Limited (ILFSL) has recommended 75% stock dividend for the year 2009.
This was declared in its 102nd meeting held recently.
The meeting was apprised that the company has achieved a substantial growth in its portfolio, which has seen a growth of 14% to Tk 11.7 billion.
Profitability also increased by 81% to Tk. 205 million, due to business diversifications. In the meeting, Mr. Mahbub Jamil has been re-elected as Chairman of the Company for next 2 (two) years.
Other directors of the company, Mr. Mustafizur Rahman, MD and Mr. Nehal Ahmed, DMD and Company Secretary were also present in the meeting.
The meeting also decided to hold the 14 th Annual General Meeting (AGM) of the company on 15 th June 2010.
This was declared in its 102nd meeting held recently.
The meeting was apprised that the company has achieved a substantial growth in its portfolio, which has seen a growth of 14% to Tk 11.7 billion.
Profitability also increased by 81% to Tk. 205 million, due to business diversifications. In the meeting, Mr. Mahbub Jamil has been re-elected as Chairman of the Company for next 2 (two) years.
Other directors of the company, Mr. Mustafizur Rahman, MD and Mr. Nehal Ahmed, DMD and Company Secretary were also present in the meeting.
The meeting also decided to hold the 14 th Annual General Meeting (AGM) of the company on 15 th June 2010.