Business Desk :
Board of Directors of LankaBangla Finance Limited (LBFL) has announced 7.5 percent cash and 7.5 percent bonus shares to its shareholders. In the fiscal year that ended in December 31, the total profit after tax amount of this non-banking financial institution has increased 142 percent and now the figure stands at BDT 192.63 crore, which was BDT 79.56 crore in the previous year. Earning-Per Share (EPS) has risen from BDT 2.50 Taka last year to BDT5.97, said a press release.
On 31 December 2017, the aggregated per share net worth was BDT 26.16 which is 25 percent more than its value in 2016 which was BDT 21.01 at the same time. According to the last audit, financial status of the NBFI was approved at 6:30 pm on Tuesday afternoon in its 109th board meeting. After the meeting, the company which is registered in both Stock Exchanges in the country announced that although the fiscal year 2017 was full of challenges and economic hardships, the expert LankaBangla team, along with the company’s efficient Customer Care Service, has made it possible for all aspects of LankaBangla business concerns to emerge as profit making entities. Its merchant-banking subsidiary, LankaBangla Investments Limited, has made profit despite the adverse effects of the negative market equilibrium. LankaBangla Securities Limited still holds the number one position in the brokerage services market in the country. LankaBangla Asset Management Company is also making its progress in asset management business. Portfolio of LankaBangla Finance has increased by 29 percent to BDT 5,155 crore as of December 31. The profit level in the financial market in 2017 was 20 percent compared to which the growth factor of LBFL was higher by 9 percent. Total number of deposit counts of LBFL increased to 23,669, which was 14,282 at the same time last year, indicating a rise of 66 percent. Total loan amount of LBFL as of December 31, 2017 rose to BDT 6,191 crore and it enjoyed 32 percent rise in profit. At the time the growth rate in the financial sector was just 20 percent.
Board of Directors of LankaBangla Finance Limited (LBFL) has announced 7.5 percent cash and 7.5 percent bonus shares to its shareholders. In the fiscal year that ended in December 31, the total profit after tax amount of this non-banking financial institution has increased 142 percent and now the figure stands at BDT 192.63 crore, which was BDT 79.56 crore in the previous year. Earning-Per Share (EPS) has risen from BDT 2.50 Taka last year to BDT5.97, said a press release.
On 31 December 2017, the aggregated per share net worth was BDT 26.16 which is 25 percent more than its value in 2016 which was BDT 21.01 at the same time. According to the last audit, financial status of the NBFI was approved at 6:30 pm on Tuesday afternoon in its 109th board meeting. After the meeting, the company which is registered in both Stock Exchanges in the country announced that although the fiscal year 2017 was full of challenges and economic hardships, the expert LankaBangla team, along with the company’s efficient Customer Care Service, has made it possible for all aspects of LankaBangla business concerns to emerge as profit making entities. Its merchant-banking subsidiary, LankaBangla Investments Limited, has made profit despite the adverse effects of the negative market equilibrium. LankaBangla Securities Limited still holds the number one position in the brokerage services market in the country. LankaBangla Asset Management Company is also making its progress in asset management business. Portfolio of LankaBangla Finance has increased by 29 percent to BDT 5,155 crore as of December 31. The profit level in the financial market in 2017 was 20 percent compared to which the growth factor of LBFL was higher by 9 percent. Total number of deposit counts of LBFL increased to 23,669, which was 14,282 at the same time last year, indicating a rise of 66 percent. Total loan amount of LBFL as of December 31, 2017 rose to BDT 6,191 crore and it enjoyed 32 percent rise in profit. At the time the growth rate in the financial sector was just 20 percent.
