25th AGM of Uttara Finance held

15pc cash dividend and 5.0pc stock dividend approved

FE Team | Published: September 30, 2020 22:26:57

The 25th Annual General Meeting (AGM) of Uttara Finance and Investments Limited was held on digital platform on Wednesday. The AGM unanimously approved 15% cash dividend and 5% stock dividend for the year 2019.
The total business exposure of Uttara Finance stands at Tk. 26,343.87 million in 2019 as against Tk. 23,642.12 million in 2018. Operating revenue of Uttara Finance stands at Tk. 4,607.01 million in 2019 as against Tk. 5,012.13 million in 2018.
In 2019 the Company earned net profit of Tk. 1,183.22 million whereas in 2018 it was Tk. 1,034.95 million. The net assets value per share (Tk. 10.00 paid up) stands at Tk. 62.45. The Earnings Per Share (EPS) in 2019 reflects Tk. 9.45 whereas the return on average equity is 16.09 per cent.
Mr. Rashidul Hasan, Chairman of the Board of Directors of the Company thanked all the shareholders for their past contribution and sought their co-operation for ensuring further progress.
The Vice Chairman of the Board of Directors of the Company Mr. Matiur Rahman outlined the future plans and programs of the Company. He thanked the Shareholders for their positive contribution in the meeting.
Managing Director Mr. S. M. Shamsul Arefin gave a brief description regarding activities during COVID pandemic situation and future plans of the company.
Other Members of the Board of Directors Mr. Mujibur Rahman, Mr. Mehdadur Rahman, Mrs. Zakia Rahman, Mr. Kazi Imdad Hossain, Mr. Nayeemur Rahman, Independent Director Mr. A. S. Jahir Muhammad and Company Secretary Mr. Md. Jakir Hossain FCA were also present in the meeting.
During the open discussion the Shareholders urged the Management to continue the positive trend so that the Company could offer more dividend to the Shareholders in future. They also put forward some positive suggestions for the betterment of the Company.