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LankaBangla announces 15pc profit

Published : Thursday, 15 February, 2018 at 12:00 AM Count : 255
Business Desk

The Board of Directors of LankaBangla Finance Ltd (LBFL) has announced 7.5pc Cash and 7.5pc bonus shares to its shareholders. In the fiscal year that ended in December 31, the total profit after tax amount of this non-banking financial institution has increased 142pc and now the figure stands at BDT 192.63 crore, which was BDT 79.56 crore in the previous year. Earning Per Share (EPS) has risen from BDT 2.50 Taka last year to BDT5.97, says press release.
On 31 December 2017, the aggregated per share net worth was BDT 26.16 which is 25pc more than its value in 2016 which was BDT 21.01 at the same time.
 According to the last Audit, Financial Status of the NBFI was approved at 6:30 pm on Tuesday afternoon in its 109th board meeting. After the meeting, the company which is registered in both Stock Exchanges in the country announced that although the fiscal year 2017 was full of challenges and economic hardships, the expert LankaBangla team, along with the company's efficient Customer Care Service, has made it possible for all aspects of LankaBangla business concerns to emerge as profit making entities.
Its merchant-banking subsidiary, LankaBangla Investments Limited, has made profit despite the adverse effects of the negative market equilibrium. LankaBangla Securities Limited still holds the number one position in the brokerage services market in the country.
LankaBangla will hold its Annual General Meeting (AGM) at 10:00 am, on 29th march 2018 at the MIDAS Auditorium in Dhaka. Hence record date has been kept on 8 March 2018.

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