Annual Report 2009 of International Leasing and Financial Services Limited

It is a broadly described annual report of International Leasing & Financial Services Limited in the year of 2009. During the year the company expensed Tk. 34.97 million as Income Tax to the government. The business volume was Tk. 3.42 billion during the year, showing a growth of 10 percent. The portfolio size was Tk. 12.47 billion, registering a growth of 24 percent and profitability improved by 81 percent to Tk. 205 million. The daily market turnover touched highest Tk. 12.45b on October 20, 2009, the lowest of which was Tk. 2.12b on May 12^th, 2009, signifying high volatility during the year. Total export earnings during the year 2009 amounted to the US $15071 million, compared to the US $15,364 million in 2008, indicating a decline of 1.9 percent. The company posted a pre-tax profit of Tk.131.93 million in 2009, up by 7% from 2008. The shares were listed on Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited on September 16, 2007, and traded at Tk. 1,261.5 each at Dhaka Stock Exchange Limited and Tk. 1,300.00 each at Chittagong Stock Exchange Limited at the end of the year 2009.

The Board of Directors recommended the dividend @ 75% for the year 2009 to be distributed in the form of bonus share equals to Tk. 218,212,500 (3 bonus share against every 4 shares hold) in their meeting held on April 29^th, 2010 subject to approval at the Annual General Meeting. 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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