It is a broadly described annual report of IPDC Finance Limited in the year of 2008. The Company contributed a sum of BDT 52 Million to the National Exchequer in the form of taxes during the year under review. Total customer deposits grew by 19.44% in 2008 to BDT 1,905 million from BDT 1,595 million in 2007. IPDC’s new disbursement declined by 14.57% to BDT 897 million in 2008 over BDT 1,050 million in 2007 reflecting a cautious policy to ensure quality. Net operating income came down in 2008 to BDT 156 million over 2007’s BDT 186 million. The reduction of Profit before Tax to BDT 59 million in 2008 against 2007’s BDT 107 million resulted from the increased level of provisions. However, Profit after Tax was BDT 104 million for the year. The return on average equity was 6.07% and Earning per Share (EPS) stood at BDT 14.58 during 2008.
The Board of Directors recommended @ 10% stock dividend i.e. Tk. 71,265,110 of paid-up share capital subject to the approval of the shareholders in the Annual General Meeting scheduled to be held on 16th June 2009. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of IPDC Finance Limited:
- Annual Report 2008 of IPDC Finance Limited
- Annual Report 2009 and financial statements of IPDC Finance Limited
- Annual Report 2010 and financial statements of IPDC Finance Limited
- Annual Report 2011 of IPDC Finance Limited
- Annual Report 2012 of IPDC Finance Limited
- Annual Report 2013 of IPDC Finance Limited
- Annual Report 2014 of IPDC Finance Limited
- Annual Report 2015 of IPDC Finance Limited
- Annual Report 2016 of IPDC Finance Limited
