Annual Report 2008 of LankaBangla Finance Limited

It is a broadly described annual report of LankaBangla Finance Limited in the year of 2008. The Company posted a pretax profit of Tk. 235.25 million in 2008, up 24.43% from Tk. 189.05 million in 2007 while net profit after tax increased by 45.38% from Tk. 114.39 million in 2007 to Tk. 166.30 million in 2008. The consolidated earnings per share during the year under review was Taka. 9.81 compared to Taka. 5.47 in the previous year. The assets of the Company registered a growth of 37.40% and stood at Taka. 7,944.87 million at the end of the year. During the year 2008, the company remitted USD 267,118 & GBP 9,538/-(BDT 22,473,518) against technical service fees & Dividend to the foreign shareholders.

The Board of Director in its 58^th Meeting held on 10^th March 2009 has recommended @15% Cash Dividend & @15% Stock Dividend for the year ended 31^st December 2008 for placement before shareholder at 12^th Annual General Meeting of the company scheduled to be held on 5^th May 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.

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