Annual Report 2014 of IPDC Finance Limited

It is a broadly described annual report of IPDC Finance Limited in the year of 2014. The Company made higher tax expense provision during the year and after allowing for the provision of corporate tax, PAT for the year stood at BDT 165.5 million compared to BDT 141.98 million in FY2013, i.e. a moderate profit growth of 16.6 percent year on year. During the financial year, The Company’s operating profit reached a record level of BDT 395.12 million an increase of 21.5% year-on-year whilst profit before tax has increased substantially by 42.61%. Profit after tax for the year 2014 was BDT 165.5 million, which has also witnessed a healthy improvement of 16.6% over the previous year. As such, the Company’s Earnings per Share (EPS) improved to BDT 1.44 from BDT 1.24 (restated) of FY2013.

The Board of Directors has recommended @10% (Ten) percent Stock & @5% (Five) Cash dividend for the year ended December 31^st, 2014 to be approved by the Share-holders in 33^rd Annual General Meeting (AGM) scheduled to be held on May 04^th, 2015. 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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