People's Leasing approves 35 pc stock dividend
FE Report | Friday, 27 June 2008
People's Leasing and Financial Services Limited (PLFS) approved 35 per cent stock dividend for its shareholders for the year that ended on December 31, 2007.
The approval came at the 12th annual general meeting (AGM) of the non-banking financial institutions (NBFI) held at the Bashundhara Convention Center in the city Thursday.
With Motiur Rahman, PLFS chairman, in the chair the AGM was also attended by Managing Director Dalil-ul-Haque, directors and a large number of shareholders.
Welcoming the shareholders, Motiur Rahman placed the annual report of the institutions for the financial year 2007 at the AGM.
In reply to the question from shareholders, the Managing Director said, "Despite tight monetary market, uncertain economic condition due to sharp increase in oil prices and other commodities in the international market coupled with unsettled political conditions, the PLFS achieved the operating revenue which increased by 40.75 per cent over the previous year and net profit before tax increased by 25.18 per cent to Tk 224.6 million."
The institution earned a net profit of Tk 179.43 million after tax for the year 2007.
The present paid up capital of the PLFS is Tk. 600.561 million which is the highest amongst the non-banking financial institutions, according to the annual report.
The approval came at the 12th annual general meeting (AGM) of the non-banking financial institutions (NBFI) held at the Bashundhara Convention Center in the city Thursday.
With Motiur Rahman, PLFS chairman, in the chair the AGM was also attended by Managing Director Dalil-ul-Haque, directors and a large number of shareholders.
Welcoming the shareholders, Motiur Rahman placed the annual report of the institutions for the financial year 2007 at the AGM.
In reply to the question from shareholders, the Managing Director said, "Despite tight monetary market, uncertain economic condition due to sharp increase in oil prices and other commodities in the international market coupled with unsettled political conditions, the PLFS achieved the operating revenue which increased by 40.75 per cent over the previous year and net profit before tax increased by 25.18 per cent to Tk 224.6 million."
The institution earned a net profit of Tk 179.43 million after tax for the year 2007.
The present paid up capital of the PLFS is Tk. 600.561 million which is the highest amongst the non-banking financial institutions, according to the annual report.