Uttara Finance okays 30pc cash dividend

FE Team | Published: May 01, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

The 19th Annual General Meeting (AGM) of Uttara Finance and Investments Limited was held at the Spectra Convention Centre, Dhaka on Wednesday.
The meeting attended by a large number of shareholders unanimously approved 30% cash dividend for the year 2013.
The total business exposure of Uttara Finance stands at Tk. 11,539.13 million in 2013 as against Tk. 9,278.97 million in 2012. Operating revenue of Uttara Finance stands at Tk. 3,355.57 million in 2013 as against Tk. 2,923.95 million in 2012.
In 2013, the Company earned a net profit of Tk. 852.83 million whereas in 2012 it was Tk. 814.95 million. The net assets value per share (Tk. 10.00 paid up) stands at Tk  49.03. The Earnings Per Share (EPS) in 2013 reflects Tk. 7.49 whereas the return on average equity is 16.22 percent.
During the open discussion, the shareholders expressed their satisfaction about the steady growth of the Company and urged the Management to continue the positive trend so that the Company could offer more dividend to the investors in future. They also put for- ward some positive suggestions for the betterment of the Company.
Mr. Rashidul Hasan, Chairman of the Board of Directors of the Company outlined the future plans and programs of the Company. He thanked all the shareholders for their past contribution and sought their cooperation for ensuring further progress.
The Vice Chairman of the Board of Directors of the Company Mr. Matiur Rahman thanked the shareholders for their positive contribution in the meeting.
Managing Director Mr. S. M. Shamsul Arefin gave a brief description regarding present activities and future plans of the company.
Vice Chairman Mr. Matiur Rahman, Directors Mr. Mehdadur Rahman, Mr. Kazi lmdad Hossain also attended, said a press release.