Annual Report 2010 of Bay Leasing & Investment Limited

It is a broadly described annual report of Bay Leasing & Investment Limited in the year of 2010. The company’s net profit after tax stood at Tk.614.84 million, achieving a growth of 29236% over last year’s profit of Tk. 156.62 million. The Authorized Capital of the Company was Tk. 1000.00 million and paid up Capital was Tk. 612.00 million as of December 31^st, 2010. The Capital and Reserve of the Company in 2010 stood at Tk. 2572.26 million.

The Board has recommended issuance of @55% stock dividend as bonus shares and @10% cash subject to approval at the Annual General Meeting which will increase the paid-up capital. 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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