Annual Report 2013 of IPDC Finance Limited

It is a broadly described annual report of IPDC Finance Limited in the year of 2013. IPDC posted Tk. 325.11 million in operating profit for the year, up 56.68% from the previous year, while the Company’s pre-tax profit surged by 80.44% to Tk. 241.78 million. During FY2013 net interest income increased to Tk. 304.33 million compared to Tk. 236.50 million in the previous year registering a growth of 28.68 percent; while investment income has increased by 24.20 percent from Tk. 70.24 million in FY2012 to Tk. 87.24 million in FY2013. Overall operating revenue increased to Tk. 478.29 million with a solid growth of 41.03 percent against Tk. 339.13 million in the previous year. In the financial year 2013, the Company’s Net Profit after Tax stood at Tk. 141.98 million which is 10.40 percent higher than the previous year. The shares of the company are listed in the Stock Exchanges of Bangladesh since 03^rd December 2006 and traded at Tk. 20.00 at the close of 31^st December 2013 in both of Dhaka and Chittagong Stock Exchange Ltd.

The Board of Directors of the Company in its 136^th meeting held on 16^th March 2014 recommended @5% (five percent) cash dividend and @10% (ten percent) stock dividend i.e. 1 share for every 10 shares for the year ended 31^st December 2013 which is subject to approval of the shareholders in the upcoming 32^nd Annual General Meeting scheduled to be held on 15^th May 2014. 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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