It is a broadly described annual report of GSP Finance Company (Bangladesh) Limited in the year of 2016. In the year net profit after tax and provision was reported at Tk. 267 million as compared to previous year’s Tk. 188 million. The investment under lease finance of the Company stands at Tk. 677.46 million at the end of 2016. The Company’s investment in term finance registered a growth of 33 90% in 2016 which stood at Tk. 5,460.16 million at the end of 2016. The total commitments of the company in syndications and structured finance arrangements stood at Tk. 337.34 million as at December 31st, 2016. The Authorized Capital of GSP Finance Company (Bangladesh) Limited is Tk. 2,000,000,000 divided into 200.000000 ordinary shares of Tk. 10 each. The present paid-up Capital of the Company is Tk. 104,63,26,950 divided into 104,632,695 ordinary shares of Tk. 10 each.
The Board of Directors of the Company has recommended @22% cash dividend 0 e Tk. 2.20 per share) for the year ended December 31st, 2016 to its shareholders for approval in this 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.
More Annual Report of GSP Finance Company (Bangladesh) Limited:
