Annual Report 2013 of LankaBangla Finance Limited

It is a broadly described annual report of LankaBangla Finance Limited in the year of 2013. During the year 2013, LankaBangla Finance Limited and its subsidiaries have pad a handsome amount of Tk. 435.53 million to Government exchequer in the form of income tax, withholding tax, VAT, withholding VAT and excise duty ) compared to Tk. 262.30 million in 2012 which reflects its fair and cons silent commitment towards contributing to the nation. Operating income of the Company in 2013 stood at Tk. 2,217.91 million which was Tk. 1,389.91 million in 2012 reporting 59.57% growth over last year. In 2013, LankaBangla earned the consolidated pretax profit of Tk. 997.14 million, an increase of 95.4% over that of the previous year. The consolidated net profit after tax stood at Tk. 954.55 million registering a growth of 174.3% than 2012. The consolidated earnings per share during the year under review was Tk. 4.58 compared to previous year’s Tk. 1.67.

The Board of Director in its 86^th Meeting held on February 16, 2014, has recommended @15% Cash Dividend and @5% Stock for the year ended on 31^st December 2013 for placement before shareholder at 17^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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