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People's Leasing approves 30pc stock dividend

Monday, 25 June 2007


FE Report
People's Leasing and Financial Services Limited (PLFS) approved 30 per cent stock dividend for its shareholders for 2006 at the 11th annual general meeting (AGM) of the company.
The AGM was held at Bangladesh-China Friendship Conference Centre in the city Saturday.
PLFS Chairman Motiur Rahman presided over the AGM.
The PLFS chairman, in his speech, highlighted the company's annual report, directors' report, financial statements, business activities and ultimate operational results for 2006.
Managing director of the company said despite adverse challenges of flood, tight monetary market, decreased investment in private sector, acute competition in the leasing markets, PLFS earned a net profit after tax Tk 147.72 million in 2006.
The company directors and a large number of shareholders, among others, attended the AGM.