Business Desk :
Amidst the liquidity turbulence of financial sector and volatile capital market during last 2 years, LankaBangla Finance Limited has achieved an impressive growth of 14.35% in its consolidated profit in the year ended on December 31, 2019. Net profit of the Company rises to BDT 50.82 crore in 2019 from Tk 44.44 crore in 2018. Hence, the company’s EPS for 2019 stands at 98 paisa, up by 15% from 85 paisa in the previous year.
The reason for growth can be attributed to steady growth (3%) in its financial market operations and reduction in loss in subsidiaries operating in capital market by implementing several strategies, said a press release.
The board of the Company has recommended to pay 12 per cent dividend to the shareholders which comprises 7% cash and 5% stock dividend.
The annual general meeting (AGM) of the Company has been scheduled on September 07, 2020 and record date is fixed on July 16, 2020. In continuation of progress in 2019, in 1st quarter of 2020, the Company posted a 24.55% growth in profit.
Company’s consolidated profit after tax rises to BDT 6.87 crore in Q1 of 2020 from BDT 5.52 crore of the same period in 2019.
Amidst the liquidity turbulence of financial sector and volatile capital market during last 2 years, LankaBangla Finance Limited has achieved an impressive growth of 14.35% in its consolidated profit in the year ended on December 31, 2019. Net profit of the Company rises to BDT 50.82 crore in 2019 from Tk 44.44 crore in 2018. Hence, the company’s EPS for 2019 stands at 98 paisa, up by 15% from 85 paisa in the previous year.
The reason for growth can be attributed to steady growth (3%) in its financial market operations and reduction in loss in subsidiaries operating in capital market by implementing several strategies, said a press release.
The board of the Company has recommended to pay 12 per cent dividend to the shareholders which comprises 7% cash and 5% stock dividend.
The annual general meeting (AGM) of the Company has been scheduled on September 07, 2020 and record date is fixed on July 16, 2020. In continuation of progress in 2019, in 1st quarter of 2020, the Company posted a 24.55% growth in profit.
Company’s consolidated profit after tax rises to BDT 6.87 crore in Q1 of 2020 from BDT 5.52 crore of the same period in 2019.
