IPDC Finance profit up 10.7pc, approves 20pc stock dividend

IPDC Finance Limited recently has announced its completion of second successful year since the unveiling of its 5 years strategy paper at the 13th Extraordinary General Meeting (EGM) & 36th Annual General Meeting (AGM) held at Spectra Convention Centre, Gulshan in the city, said a statement.

The company has declared that the profit went up by 10.7 per cent to 335.4 million taka. With an upbeat outlook, IPDC declared a 20 per cent stock dividend for the year 2017, which was approved by the shareholders.

Dr. Muhammad Musa, Chairperson of IPDC Finance Limited said in his inaugural speech, "It is a great pleasure to announce that IPDC has successfully completed the second year of 5-year strategy by accomplishing the expected promising growth. At IPDC, we believe this success will boost up the confidence of our stakeholders by giving them a clear vision for the upcoming years."

A large number of shareholders attended the meeting where the new growth strategy of IPDC Finance was unveiled. IPDC as a value based financial institution will now focus on creating stories through generating employment, promoting low cost housing for every family.