Annual Report 2015 of IPDC Finance Limited

It is a broadly described annual report of IPDC Finance Limited in the year of 2015. During the financial year 2015, IPDC has deposited the total amount of Tk. 116.53 million to the national exchequer as corporate tax, withholding tax, excise duty, and VAT. During the year, the Company’s operating profit reached a record level of Tk. 445.79 million with an increase of 12.82% year-on-year basis. Profit after tax for the year was Tk. 240.19 million, which has witnessed a substantial improvement of 45.12% over the previous year. The company’s total credit portfolio stood at Tk. 6,415.78 million as of 31^st December 2015. Net interest income during the year increased to Tk. 430.94 million compared to Tk. 416.19 million in the previous year. The investment income, on the other hand, became Tk. 55.41 million in the year 2015 vis-à-vis Tk. 86.81 million of the year 2014. Overall operating revenue increased to Tk. 639.41 million with the growth of 10.24 percent from Tk. 580.03 million in the previous year. The total operating expenses increased to Tk. 193.62 million in the year 2015 from Tk. 184.91 million in the year 2014 with 4.71 percent increase year on year. As such, the Company’s Earnings per Share (EPS) improved to Tk. 1.90 from Tk. 1.31 (restated) for the year 2014.

The Board of Directors has recommended @ 20% (twenty) percent stock dividend for the year ended December 31^st, 2015 for the approval of Shareholders in 34^th Annual General Meeting scheduled to be held on March 30^th, 2016. 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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