Annual Report 2014 of Delta Brac Housing Finance Corporation Limited

It is a broadly described annual report of Delta Brac Housing Finance Corporation Limited in the year of 2014. The operating profit for the period was Taka. 1,394.71 million compared to Taka. 1,131.61 million of the same period of last year reflecting a growth of 23.25%. The Company has made Profit before Tax of Taka. 1,199.19 million for the reviewed period ended on June 30, 2014, as against the previous year’s figure of Taka. 1,008.67 million with a growth of 18.89%. Operating revenue of the Company increased by 7.36 % over the last year’s figure of Taka. 4,453.51 million to Taka. 4,781.43 million in twelve-month of FY2013-14. Interest income has grown at the rate of 7.00% from the previous year whereas fees income increased by 8.38 %.On the other hand, interest expense has increased by 1.37% to Taka. 3,078.59 million when compared to last year’s figure of Taka. 3,036.98 million. As a result, net operating Income of the Company has increased by 20.21 % from the corresponding period of last year. The net operating income stood at Taka. 1,702.84 million compared to last year’s figure of Taka. 1,416.53 million.

The Board of Directors at the time of considering the annual accounts have recommended @ 25% cash dividend to be paid to the shareholders out of the profit of the year 2013-14, which is to be approved by the shareholders in the forthcoming AGM. 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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