Prime Finance AGM okays 50pc dividend
Tuesday, 27 April 2010
The shareholders of Prime Finance and Investment Limited approved 40 per cent stock dividend and 10 per cent cash dividend for the year 2009 to strengthen the capital base of the company.
The approval came at the fourteenth annual general meeting (AGM) of the financial institution at Bangbandhu International Conference Centre in the city recently.
The financial statements of the company for the year that ended on 31 December 2009 were placed at the meeting and the shareholders made a critical review of the performance of the company.
Prime Finance Chairman Md Aminul Haque presided over the meeting, said a press release.
The AGM was briefed that the company's total business revenue was Tk 1,425.36 million in financial year 2009 as against Tk 819.62 million of 2008. The company achieved a strong growth in after tax profit during 2009 representing 138.81 per cent growth over the last year.
The approval came at the fourteenth annual general meeting (AGM) of the financial institution at Bangbandhu International Conference Centre in the city recently.
The financial statements of the company for the year that ended on 31 December 2009 were placed at the meeting and the shareholders made a critical review of the performance of the company.
Prime Finance Chairman Md Aminul Haque presided over the meeting, said a press release.
The AGM was briefed that the company's total business revenue was Tk 1,425.36 million in financial year 2009 as against Tk 819.62 million of 2008. The company achieved a strong growth in after tax profit during 2009 representing 138.81 per cent growth over the last year.