Annual Report 2016 of Uttara Finance and Investments Limited

It is a broadly described annual report of Uttara Finance and Investments Limited in the year of 2016. During the year of reporting Uttara Finance and Investments Limited directly contributed to the national economy by paying Direct Tax, Source Tax, Excise Duty and Value Added Tax (VAT). In the year 2016, the Company paid Direct Tax Tk. 520.00 million, Source Tax Tk. 94.77 million and VAT Tk. 4.29 million which were Tk. 400.00 million, Tk. 38.48 million and Tk. 16.88 million respectively in the year 2015. During the year 2016 total disbursement of the Company was Taka. 16,810.36 million against approval of Taka. 19,008.56 million which in the year 2015 was Tk. 13,372.72 million and Tk. 14,813.420 million showing business growth of 25.71 percent and 28.32 percent respectively over last year whereas operating revenue of the Company for the year 2016 was Taka. 3,911.03 million which was in 2015 Taka. 3,488.30 million. During the year ended 31^st December 2016, the Company earned the net profit after tax of Taka. 551.69 million which was Taka. 829.37 million in the year 2015.

The Board of Directors at the 128^th Board meeting held on 16 March 2017 recommended to the shareholders @30% cash dividend amounting to Taka. 375,661,440. This will be considered for approval by the shareholders at the 22^nd Annual General Meeting (AGM) to be held on 22 May 2017. 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 Uttara Finance and Investments Limited: