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Uttara Finance approves 25pc dividend
FE Report
3/29/2006
Uttara Finance and Investments Limited (UFIL) approved 25 per cent cash dividend for the shareholders for the year 2005 at its 11th annual general meeting (AGM) at a city hotel Tuesday.
A large number of shareholders of the company attended the AGM.
UFIL Chairman Rashid-ul Hasan, Vice Chairman Matiur Rahman, directors Mehdadur Rahman and Kazi Imdad Hossain and Mujibur Rahman and Managing Director SM Shamsul Arefin were also present on the occasion.
Speaking on the occasion, Rashid-ul Hasan outlined the future plans and programmes of the company.
In 2005, the company earned a net profit of Tk 1.91 billion (190.74 million) whereas in 2004 it was Tk 1.58 billion (158.41 million) reflecting 20.41 per cent growth over last year.
The total business turnover of the company stood at Tk 25.42 billion (2,542.90 million) in 2005 as against Tk 20.13 billion (2,013.01 million) in 2004 showing business growth of 26.32 per cent.
Operating revenue of the company stood at Tk 6.60 billion (660.15 million) in 2005 as against Tk 4.83 billion (483.20 million) in 2004 reflecting 36.62 per cent growth over last year.
The net assets value per share (Tk 100.00 paid-up) stood at Tk 493.71, which was Tk 399.13 in 2004.
The earning per share (EPS) of the company stood at Tk 144.50.
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