Annual Report 2009 of Delta Brac Housing Finance Corporation Limited

It is a broadly described annual report of Delta Brac Housing Finance Corporation Limited in the year of 2009. During this financial year, the company has earned a net profit after tax of Taka. 233.89 million as against Taka. 176.48 million in the previous year. Operating revenue of the Company increased by 23% over the last year’s figure of Taka. 1,587.78 million to Taka. 1,950.17 million in the twelve months of FY 2008-09. The operating profit for the period was Tk. 431.34 million compared to Taka. 317.87 million reflecting a growth of 36%. The Company’s profit before tax was Taka 432.96 million for the reviewed period ended as on June 30, 2009, as against the previous year’s figure of Taka 342.39 million with a growth rate of 26%. Net Interest Income of the Company has exceeded the corresponding figure of last year at the rate of 26%. As a result, the net interest income stood at Taka. 561.94 million Compared to last year’s figure of Taka. 445.13 million.

The Board of Directors recommends stock dividend @ 15% i.e. 3 (three) bonus shares for every 20 (twenty) ordinary shares held and cash dividend @ 17% on 3,510,000 Ordinary Shares for the year ended 30th June 2009 as against 30% stock dividend declared in the previous year on 2,700,000 Ordinary Shares. As a result, the dividend payout will increase by 38% compared to last year. The EPS of the Company has increased to Tk. 64 from Tk. 47 last year showing a growth of 36%. 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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