It is a broadly described annual report of Investment Corporation Of Bangladesh Limited in the year of 2017. ICB paid an amount of Tk. 184.52 Crore to the national exchequer, of which Tk. 51.26 Crore as the dividend, Tk. 78.58 Crore as corporate taxes, Tk. 52.65 Crore as source tax and Tk. 2.01 Crore as excise duty & vat in the year under review. ICB (standalone) has shown its proficiency and achieved sound financial results with booking a net profit before Tax of Tk. 446.75 Crore during FY 2016-17 with an impressive return on equity of 8.69 percent. The total operating income of the Corporation in FY 2016-17 stood at Tk. 760.78 Crore as compared to Tk. 487.92 Crore in FY 2015-16, registering a growth of 55.92 percent. The Corporation has posted a Net Profit of Tk. 368.17 Crore during FY 2016-17 as compared to Tk. 313.68 Crore in FY 2015-16 registering a growth of 17.37 percent. Consolidated Earnings per share (EPS) for FY 2016-17 stood at Tk. 7.29 as compared to Tk. 5.25 in FY 2015-16.
For the FY ended June 30, 2017, the dividend has been declared by Investment Corporation of Bangladesh (ICB) for ICB Unit Fund. The meeting of the Board of Directors of ICB held on July 30, 2017, has announced the dividend of Tk. 45.00 per ICB unit certificate. 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 Investment Corporation Of Bangladesh Limited:
