Annual Report 2012 of LankaBangla Finance Limited

It is a broadly described annual report of LankaBangla Finance Limited in the year of 2012. During the year 2012, LankaBangla Finance Limited and its subsidiaries have paid a handsome amount of Tk. 262.30 million to Government exchequer (in the form of income tax, withholding tax, VAT, withholding VAT and excise duty) which reflects its fair commitment towards contributing to the nation. Total asset of the Company increased from Tk. 22,380.00 million in 2011 to Tk. 25,336.00 million in 2012. Even in the backdrop of the economy in 2012, LankaBangla’s investment portfolio reach Tk. 2,851.25 million in 2012 compared to Tk. 18,703.35 in 2011. In 2012 net profit after tax of LankaBangla Finance Limited stood at Tk. 1,235.72 million achieving a growth of 165% over the net profit after tax of the year 2011. Operating Revenue decreased by 3.73% while operating expenses increased by 63%. The profit before tax stood at Tk. 510.31 million in 2012 with a decrement of 60.87 % than the previous year. The return on average equity remained 5.04% during 2012 and Earnings per Share (EPS) stood Tk. 1.77 and NPL ratio is 3.93% which has improved from 6.51% in 2011. The share market value of the Company stood at Tk. 11,175.1 million whereas the book value of the shares stood at Tk. 1,894.09 million, resulting from a Market Value Addition of Tk. 9,281.01 million as of 31^st December 2012.

The Board of Director in its 80^th Meeting held on 03^rd March 2013 has recommended @10% of Stock Dividend for the year ended 31^st December 2012 for placement before shareholders at 16^th Annual General Meeting of the company scheduled to be held on 31^st March 2013. 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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