Annual Report 2011 of Bangladesh Finance and Investment Company Limited

It is a broadly described annual report of Bangladesh Finance and Investment Company Limited in the year of 2011. During the year the Company has deposited Tk. 57.14 million to the government exchequer in form of direct income tax, TDS & VAT. During the year 2011, the Company posted a net profit after tax at Tk. 19.03 million, lower than that of 201 0 of Tk. 246.10 million. Investment stood as on December 31^st, 2011 of Tk. 4030.71 million against that of December 31^st, 2010 of Tk. 3965.89 million, meaning that there was no notable portfolio growth.

The Board of Directors proposed @10% stock dividend i.e. 10(Ten) bonus shores for every 100 (One Hundred) shares for total 5,37,30,739 Nos. Ordinary Shares of Tk. 10/- each for the year ended December 31^st, 2011. 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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